GBP/USD has formed a double top pattern at the high, which could be a potential lower high formation.
Further, it has broken a critical support level of 1.25268.
Hence, we expect the pair to be bearish in the short-term and head to lower levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.