GBP/USD- Trading in a resistance zone – What now
The GBP/USD pair is trading back in the resistance zone on a 30 minute time once again. The resistance zone may not be able to hold this time as this is the second time the price is visiting this level. However, we need to be careful here as well, because a double top pattern is also forming at the same time. The double top is a reversal pattern which usually has the potential to change the direction of the trend and this pattern does have a significant importance once, it is formed in an important level of resistance.
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