FX:GBPUSD   British Pound / U.S. Dollar
In the previous analysis, expecting a decrease in the fluctuation range, we obtained the desired targets in the ranges of 1.23690 and 1.22324 and had a reaction to the trend line, but with a negative divergence in the higher time between the 2 peaks, we saw a strong performance for further decrease. And we faced the failure of the trend line.

Now we can expect a correction according to the sharp movement, and the correction can be imagined around the ranges of 1.20163 and 1.19618.

Currently, we are between the two ranges of 1.24188 and 1.18646, and the most appropriate view, but the broader view regarding the reduction and performance of a double top pattern, cannot be far from the idea that the range of 1.19044 is a very important resistance for it.
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.