GBP/USD: 'Double Top' pushed the market lower

GBP/USD: 'Double Top' pushed the market lower


There's a 'Double Top', which pushed the market lower. However, we've got a 'Thorn' pattern, so the price is likely going to reach the next resistance at 1.3143. A pullback from this level could be a starting point for a decline towards the nearest support at 1.3047 - 1.3032.


It's likely that we're going to have a local decline in the direction of the closest support at 1.3081 - 1.3072 in the coming hours. However, a pullback from this area could lead to forming a new local high.



Latest news

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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