There's a local 'Double Bottom' on GBPUSD

There's a local 'Double Bottom', so the pair is likely going to reach the closest resistance at 1.3450. If we have a pullback from this level, there'll be a green light for a decline towards another support at 1.3344 - 1.3300.

All the Moving Averages have been broken. The main intraday target is the next resistance at 1.3419 - 1.3450. This area could be a starting point for a bearish correction.

gbp

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