GBP/USD: "Double Top" pattern

GBP/USD: "Double Top" pattern


The pound is consolidating along support at 1.2926. Also, there's a "Double Top" pattern, which has been confirmed. In this case, the market is likely going to decline towards the nearest support at 1.2887 - 1.2860. At the same time, if a pullback from this area happens, bulls will have a green light to reach resistance at 1.2964 - 1.2976.


The price is moving up and down between the Moving Averages. It seems like bears are ready to reach the next support at 1.2871 - 1.2860. However, if we see a pullback from these levels, there'll be an opportunity to have an upward price movement towards resistance at 1.2947 - 1.2964.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera