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fiso

GBPUSD DOUBLE TOP

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
fiso  
FX:GBPUSD   British Pound / U.S. Dollar
Chart Patterns
1
0
chartpattern
The recent dollar strength will probably continue into the month ending with FOMC on schedule.. With that in mind and looking at the pattern on GBPUSD, we expect prices to continue their downward trajectory within the double top formation on both the weekly and daily charts. Penetration below the low of the inside bar around 1.3635 region will plunge price towards 1.345 and 1.322 in extension...
Sell Stop @ 1.3635

Stop Loss @ 1.375

TP1 @ 1.345

TP 2 @ 1.322
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