dlifestyletrader
Long

GBPUSD: Bottomed with Completion of Bullish Bat

FX:GBPUSD   British Pound / U.S. Dollar
The price has bottomed within a 1-year range with multiple signs of reversal.
A bullish bat pattern was formed while the price has broken above an immediate falling trendline .
Besides, the current price could also be the beginning of the 2nd shoulder of an inverse head and shoulder.
Aside from the technical aspect, the pound is simply undervalued for a long time and BOE hasn't shown any signs to consider cutting rate.
The pound will always stand a chance to rally as long as 1.25 doesn't break.
Good Trade, keep it up and leave us a like aswell mate :)
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