GBPUSD Forms Bearish Double Top; Confirmation Required

GBPUSD raised questions over its four-month-old positive trend after failing to print a new higher high above December’s peak of 1.2445, subsequently crashing below two support trendlines. Despite the latest rapid downfall, the bullish pattern remains intact as the bears have not charted a new lower low below January’s trough of 1.1840. The flattening 200-day simple moving […]

The post GBPUSD Forms Bearish Double Top; Confirmation Required appeared first on Action Forex.