GBPUSD forming a double top reversal, keep an eye out!
GBPUSD is forming a strong double top reversal with 1st resistance at 1.3992 (Fibonacci retracement, breakout level, pullback resistance) and a strong drop could occur from this level to push price down towards 1.3632 support (Fibonacci retracement, breakout potential, horizontal pullback support, Fibonacci extension).
RSI (55) has made a bearish exit of our long term ascending support-turned-resistance line triggering a bearish move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) has made a bearish exit of our long term ascending support-turned-resistance line triggering a bearish move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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