Falling back through the 0.236 Fibonacci support after NFP in GBPUSD validates a bearish bat harmonic pattern at yesterdays 1.3269 high which is the 0.886 retrace from the September 2016 highs.
(Not the GBP crash low was agreed at 1.1860 so low is adjusted). A break of the red trend line from June lows would confirm.
First target is 1.2933 and if that breaks then 1.2730 and the December highs
(Not the GBP crash low was agreed at 1.1860 so low is adjusted). A break of the red trend line from June lows would confirm.
First target is 1.2933 and if that breaks then 1.2730 and the December highs