GBP/USD: the bulls got tired
GBP/USD reached 88.6% of the "Shark" pattern's target. If the bulls fail to return above resistance at 1.3323 in the near term (23.6% Fibo of the last descending wave), the bears will be able to regain control. Trend remains bearish. It's target is at 1.26 (127.2% according to AB=CD). As long as the pair remains below 1.3323, sell pound versus the US dollar.
On H1 GBP/USD came to the lower border of the short-term bullish channel. Successful test of 1.3167 with the following return to 1.3093 will trigger the "Shark" pattern.Target is at 1.2920.
Recommendation: SELL 1,3167 SL 1,3267 TP1 1,3017 TP2 1,2920