GBPUSD is Bearish
Bulls seem to be exhausted now as bearish divergence along with a double top has formed on hourly timeframe, hinting the return of bears. If previous higher low is broken successfully then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.