GBP/USD Forecast: “Double Top” pattern

gbp3Bears faced with support at 1.3363, so the price is consolidating.

Also, there’s a “Double Top” pattern, so the pair is likely going to decline in the direction of the closest support at 1.3336.

If we have a pullback from this level, there’ll be a moment to have a bullish price movement towards the nearest resistance between the levels 1.3454 – 1.3480.

6-12-2017-GBP-H4.png

The price is consolidating between the 34 & 89 Moving Averages. The main intraday target is the next support at 1.3336. If a pullback from this level happens little later on, we could have an upward price movement towards another resistance at 1.3430 – 1.3454.

6-12-2017-GBP-H1.png

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