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GBPUSD has formed a double top reversal, watch for the drop!

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Libra Esterlina/Dólar Americano (FX:GBPUSD)  
Tickmill Corretora  
FX:GBPUSD   Libra Esterlina/Dólar Americano
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade forexsignals
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trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdshort gbpusdlong gbpusdsignal gbpusdtrade forexsignals
GBPUSD has formed a double top reversal and is starting to drop nicely after breaking our major support-turned-resistance level at 1.3992 (Fibonacci retracement, horizontal overlap resistance, breakout level) where further bearish momentum could be expected to drive price down to major support at 1.3632 (Fibonacci extension, double top exit potential, horizontal pullback support).

RSI (55) has made a bearish exit of our long term ascending support-turned-resistance line signaling a potential strong change in momentum to bearish.

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