Tickmill
Short

GBPUSD forming a double top reversal, keep an eye out!

FX:GBPUSD   Britisches Pfund / US-Dollar
GBPUSD             is forming a strong double top reversal with 1st resistance at 1.3992 ( Fibonacci retracement , breakout level, pullback resistance) and a strong drop could occur from this level to push price down towards 1.3632 support ( Fibonacci retracement , breakout potential, horizontal pullback support, Fibonacci extension ).

RSI (55) has made a bearish exit of our long term ascending support-turned-resistance line triggering a bearish move.

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This analysis is provided as general market commentary and does not constitute investment advice.
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