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ZainShamim

GBPUSD forming double top and head and shoulder pattern

British Pound / U.S. Dollar (FX:GBPUSD)  
ZainShamim  
FX:GBPUSD   British Pound / U.S. Dollar
Moving Averages Support and Resistance Double Top or Bottom GBPUSD gu GBP USD gbpusdshort gbpusdshortsetup
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movingaverage supportandresistance doubletoporbottom gbpusd gu gbp usd gbpusdshort gbpusdshortsetup
GBPUSD faced valid resistance of 1.24526 on 4 hours chart you will see that it's making double double on exact same levels previously and it's a supply zone if seen on daily basis.
Further formation of head and shoulder pattern confirm that GBPUSD has entered into bearish mode and short calls can be taken .
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