GBP/USD: "Double Top" pattern

GBP/USD: "Double Top" pattern


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.


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.




Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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