GBP/USD: confirmed "Double Top" pattern

GBP/USD: confirmed "Double Top" pattern

21-11-2017-GBP-H4.png

We've got a "V-Top" pattern, which pushed the market to the nearest support at 1.3238. Meanwhile, the pair is likely going to test the next support between the levels 1.3201 - 1.3182. If a pullback from this area happens, there'll be a moment for an upward price movement towards the nearest resistance at 1.3278 - 1.3298.

21-11-2017-GBP-H1.png

There's a "Double Top" pattern, which has been confirmed. The main intraday target is the closest support at 1.3186 - 1.3179. Therefore, if we have a pullback from these levels, bulls will probably try to achieve another resistance at 1.3266 - 1.3278 afterwards.

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