themarketzone

Possible bullish scenario for Cable

FX:GBPUSD   British Pound/U.S. Dollar
$GBPUSD is trading inside an ascending channel.
With 1.54-1.55 as support zones and 1.53 being the A point of a bearish Bat pattern, I see potential Aggressive C entry in one of these levels with assumption that the Cable will complete the bearish pattern near 1.58.
A close below 1.53 will violate this pattern.
Also focus on the uptrend line

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Tomer J,
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