GBP/USD: 'Double Top' pattern

GBP/USD: 'Double Top' pattern


There's a 'Double Top' pattern, so the market is likely going to test the nearest support at 1.4144. However, if we see a pullback from this line afterwards, bulls will probably try to reach the next resistance at 1.4277 - 1.4344.


There're two 'V-Top' patterns in a row. So, the pair is likely going to achieve the 55 Moving Average, which could be a starting point for another bullish price movement.



Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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