We can see a double top formation on the GBPUSD 1H chart. While the overall trend recently has been bullish, looking at the daily chart we can potentially see this as a pullback before retesting the lows and demand for the GBP.
Keep an eye out to see if it can break the 1.35800 price, if we fall below that, I will be looking to short it to the demand zone, watching closely as we pass through the trend line.
What are you predictions for this pair?
Keep an eye out to see if it can break the 1.35800 price, if we fall below that, I will be looking to short it to the demand zone, watching closely as we pass through the trend line.
What are you predictions for this pair?
Trade active:
The trend line is holding very strong, will be interesting to see if we can break it to get down to the demand zone drawn.
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