GBPUSD Potential Bearish Bat Pattern

On the 4-hour chart, GBPUSD stabilized and rebounded, with short-term bulls in the ascending position. The current upward target can be seen around 1.252, and after reaching it, pay attention to the potential bearish bat pattern. In addition, 1.2522-1.2575 is the previous supply area, and the probability of a rebound at this position is relatively high.

Disclaimer