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GBP/USD: "Double Top" pattern

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6-2-2018-GBP-H4.png

There's a "Double Top" pattern, which has been confirmed. The main intraday target is the nearest resistance at 1.4082 - 1.4129. These levels could be a departure point for a decline towards the next support at 1.3895 - 1.3834.

6-2-2018-GBP-H1.png

Bears faced with support at 1.3944, so the price is consolidating. In this case, bulls are likely going to test the 89 Moving Average in the coming hours. If we see a pullback from this line, there'll be a moment to have a decline towards the nearest support at 1.3944 - 1.3915.

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