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gbpusd outlook for the week

FX:GBPUSD   British Pound / U.S. Dollar
the week has started off with gbpusd on the upside with dollar weakness seen across currencies. as for technicals, GU was seen to have formed a double top at a very key level. If this level is broken on the upside and retested, a buy can be taken to the next sr level. if not there are 2 possible bearish setups, with the price rejecting the double top level again and heading to the neckline/38 fib level or the price breaking the purple trendline area to head towards neckline/38 fib level.

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