History repeats itself, long-term analysis, bearish for GBPUSD
In Jan 2018, GBPUSD has a double top at 1.43, break the higher low trend line, and then goes to a bearish market after that.
In Jun 2021, GBPUSD has a double top again below a similar area like 2018, at 1.425, and most likely goes to a bearish market again. Especially after the confirmation that the prices has break the higher low trend line.
My first target would be at .618 Fibonacci point, 1.333.
My second target would be at Pivot point, 1.292.
Tight stop loss at 1.41
In Jun 2021, GBPUSD has a double top again below a similar area like 2018, at 1.425, and most likely goes to a bearish market again. Especially after the confirmation that the prices has break the higher low trend line.
My first target would be at .618 Fibonacci point, 1.333.
My second target would be at Pivot point, 1.292.
Tight stop loss at 1.41