GBPUSD - DAILY TIMEFRAME CHART ANALYSIS
1) GBPUSD is moving in an uptrend channel and has formed DOUBLE TOP after the trend failed to make a higher high that a previous fakeout.
2) The trend has broken the lower line of the channel and has retested the previous low to form a support zone.
3) The trend in the accumulation stage for a possible downtrend if it eventually breaks the minor resistance zone.
1) GBPUSD is moving in an uptrend channel and has formed DOUBLE TOP after the trend failed to make a higher high that a previous fakeout.
2) The trend has broken the lower line of the channel and has retested the previous low to form a support zone.
3) The trend in the accumulation stage for a possible downtrend if it eventually breaks the minor resistance zone.