Seams that we are on the top of small mountain. TP1@1.2420 in case of Breakdown level 1 and TP2@1.2230 in case of Breakdown level 2.
If we see from the different fib. comparison the end of upward movement is getting closer... So that, upper edge of the last channel may be a good place to sell.
Double bottom or 2 leg with a huge something? Ha ha
In my opinion may be expecting some shallow retracement up to 38.2% to close the gap and ruse up again.
USOIL seams to be long. Buy now, immediately... TP1@52.30 and TP2@53.50 At least it will be very low risk trade.
After consolidation USOIL can be go up again... So that, the continuation of downward movement will strictly depends on Breakdown level 2.
After some retracements GBPUSD seams to grow up at least to 1.2450 level.
Possibly the next target is 50% of Fib.Retracement level.