The last “Double Bottom” pushed the price to the nearest resistance at 1.3221. However, there’s a local “V-Top”, so bears are likely going to test the closest support at 1.3150 in the short term.
We’ve got a “Double Top”, so the market is likely going to test the next support at 1.3169 – 1.3144 during the day.
If a pullback from these levels happens, we could have a decline towards the closest resistance at 1.3240 – 1.3256.
GBP/USD H4
GBP/USD H1
