FX:GBPUSD   British Pound / U.S. Dollar
on monthly chart : recently we have seen reversal candles +strong bullish engulphing around resistance area 1.27770
on weekly chart : we have a weak uptrend as its moves inside the last down leg and recent weekly candles starts to show selling pressure and last week closed with a bearish engulphing
on daily chart : we see that the prices can't form a new peak ending form of double top pattern with breaking its neck line at 1.28180 with friday close so we may see a retest to it then continuing falling down to 1.26050 area as its a support area + 50% fibo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.