GBPUSD At Risk Of A Bearish Trend After Double Top Formation

<p>GBPUSD is flashing bearish trend signals on the four-hour chart as the price seems to have completed a double-top pattern below 1.2246. With the shorter-term simple moving averages (SMAs) also having crossed below the longer-term SMAS, the pair could continue its bearish trajectory, though for that to happen the neckline around 1.2246 and near the […]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/295475-gbpusd-at-risk-of-a-bearish-trend-after-double-top-formation/">GBPUSD At Risk Of A Bearish Trend After Double Top Formation</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *