GBPUSD: Strong selling seen at 1.3470

Price has formed a double top resistance after a stop hunt of at 1.3470 level, triggering a strong selling reaction.

Uptrend is still intact, but we can likely see price retrace downwards to the trendline before the next direction is decided.

GBPUSD Short
Entry is valid as long as price is below 1.3390

Entry: 1.3385
SL: 1.3470
TP: 1.3220
Trend Analysis

Aviso legal