GBPUSD will be ready for the next move down
Updated
Hi everyone:
From my previous analysis on GBPUSD, we see price manages to break above a potential double tops, and continue to move up.
The latest price action still shows signs of correctional structure, and now we are approaching the higher time frame double tops, right before the Covid sell off.
We do see price is overall slowing down around this general area, could be the indication thatt the bull move is exhausted, and we can look for the sell from the top.
I would like to see price either get push up more before the sharp drop, or drop down from here and form small correction structure to confirm the sell momentum.
Thank you
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Comment
Price broke out of the ascending channel structure, look for continuation to go down further. Comment
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