GBP/USD could be about to tank 800 pips

Short

British Pound / U.S. Dollar (FOREXCOM:GBPUSD)

Updated

FOREXCOM:GBPUSD British Pound / U.S. Dollar

Double Top or Bottom Trend Lines GBPUSD GBP gbpusdshort sterling cable cableshort

doubletoporbottom trendline gbpusd gbp gbpusdshort sterling cable cableshort

The bearish combination of a possible double top and broken rising trendline suggests GBP/USD will test the neckline of the pattern.
If the double top completes, the price objective is 1.3120

Trade closed: target reached

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