GBP/USD: confirmed 'Double Top'

GBP/USD: confirmed 'Double Top'


There's a 'Double Top', which has been confirmed. So, the market is likely going to test the next support at 1.2811 - 1.2773 within the next few hours. If a pullback from this area happens next, there'll be a moment to have an upward price movement towards 1.2911 - 1.2957.


The 34 Moving Average has acted as support, so the price is consolidating. It's likely that the pair is going to test the nearest important support at 1.2811 - 1.2791. This area could be a starting point for a bullish price movement in the direction of 1.2911 - 1.2935.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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