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Forex technical analysis: GBPUSD below trendline/MA. More bearish.

Discussion in 'Technical Analysis' started by ForexLive, Sep 14, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Double top stalls the rally The GBPUSD - like the EURUSD - moved higher to start the week but has reversed course after failing to extend above last week's high at 1.5475. The high price stalled at 1.54705 (close enough for a double top). The move lower has done some technical damage to the downside that has helped neutralize the shorter term bias at least and put traders on a corrective path.

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