GBPUSD is currently exhibiting strong bearishness due to the market forming lower lows and lower highs. Additionally, this pair is in a corrective phase, characterized by both impulse and corrective patterns in its price movements. Presently, the market sits at 1.2507.
I anticipate the market to develop a bearish continuation pattern, most likely a double top formation, followed by a drop to at least 1.2443. You have the option to place sell orders now (risk entry) or wait for the market to form the double top pattern before entering a sell order.
Origin: FreshForex
