GBP/USD: 'Double Top' pushing the price lower

GBP/USD: 'Double Top' pushing the price lower

6-2-2019-GBP-H4.png

The pair has been declining since the last 'Double Top' pattern formed. The main intraday target is the next support at 1.2910 - 1.2854. If a pullback from this area happens next, there'll be a moment for an upward correction towards the nearest resistance at 1.2946 - 1.2957.

6-2-2019-GBP-H1.png

The last 'Flag' pushed the pair lower. Also, there's a finished 'Pennant' pattern, so we should watch the closest support at 1.2889 - 1.2854 as a possible departure point for an upward correction.

gbp

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