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Sterlina / Dollaro
Short

GBPUSD has formed a double top reversal, watch for the drop!

Di Tickmill
Broker
GBPUSD has formed a double top reversal and is starting to drop nicely after breaking our major support-turned-resistance level at 1.3992 (Fibonacci retracement, horizontal overlap resistance, breakout level) where further bearish momentum could be expected to drive price down to major support at 1.3632 (Fibonacci extension, double top exit potential, horizontal pullback support).

RSI (55) has made a bearish exit of our long term ascending support-turned-resistance line signaling a potential strong change in momentum to bearish.

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Chart PatternsforexsignalsGBPGBPUSDgbpusdlonggbpusdshortgbpusdsignalgbpusdtradeHarmonic PatternsTrend AnalysisUSD
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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