GBP/USD 4H a potential Double Top formation, signalling a possible bearish reversal. Price was strongly rejected around the 1.3445–1.3447 zone twice, indicating strong selling pressure.
Current price is around 1.3392.
A second test of resistance is expected, followed by a sharp decline.
The projected target is around 1.3135, which aligns with a key support level.
Multiple **Change of Character (ChoCH) and Break of Structure (BOS) events validate the internal bearish bias.
This setup favours a short position after confirmation of rejection from the top resistance zone.
Current price is around 1.3392.
A second test of resistance is expected, followed by a sharp decline.
The projected target is around 1.3135, which aligns with a key support level.
Multiple **Change of Character (ChoCH) and Break of Structure (BOS) events validate the internal bearish bias.
This setup favours a short position after confirmation of rejection from the top resistance zone.
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