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GBP/USD - Brexit scenario - Bearish Bat pattern

FX:GBPUSD   Pound Sterling/U.S. Dollar
GBP/USD             clocked a high of 1.4842 levels today on falling Brexit bets. Cable has priced-in 'Bremain' to a major extent hence upside in case of Bremain could be limited. But this also means Cable could fall sharply on Brexit shock.

This means pair could fall to point C = 88.6% = 1.3950.

We could head higher from there as a lot of cash is waiting to enter the UK markets once Brexit is out of the way. Furthermore., a significant majority also believes Brexit would do good to the UK economy. Hence, prices could head higher to point D = 1.5692 levels.
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