GBPUSD | STRONG Bearish Reversal | Monthly

OANDA:GBPUSD   British Pound / U.S. Dollar
Time Frame: MONTHLY
Possible Trade: SELL

Quick Technical Analysis:

Hmm... possible strong Bearish Reversal coming up? GBPUSD seems to be in a significant Area of Resistance compared to price levels of March 2018. The Area of Support from 2009-2016 has now transformed into an Area of Resistance which, if respected, could signal a possible Bearish Reversal. GBPUSD has also begun to form a "Double Top" pattern which is a very powerful pattern in the Forex market that signals an upcoming Bearish market.

What do you think?

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