FBS - Analytics

    FBS

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    GBP/USD: two "Double Top" in a row

    GBP/USD: two "Double Top" in a row

    There's a possible “Triple Top” pattern in progress, so the market is likely going to a support area between the 89 Moving Average and the level at 1.4282. If a pullback appears, then bulls will have a chance to reach a resistance area at 1.4369 – 1.4436.

    GBP/USD: two "Double Top" in a row

    We've got a flat in progress, which has brought two “Double Top” patterns in a row. It’s likely that the price is going to achieve a support area at 1.4286 – 1.4259. If sellers be stopped here, then buyers will probably return to the market, so a resistance area at 1.4396 – 1.4462 is going to be the main bullish goal soon.

     

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