The GBPUSD had a bearish momentum last week and closed below 1.5950. This fact gives further confirmation to the double top bearish reversal scenario testing 1.5750. Immediate resistance is seen around 1.5950. A clear break above that area could lead price to neutral zone in nearest term term testing 1.6000 or higher but overall I prefer a bearish scenario at this phase.
Most Popular Slideshows
- Top Ten Richest Americans [PHOTOS]
- Is Orlando Bloom’s Wife, Miranda Kerr Singing Love Songs for James Packer? [WATCH VIDEOS]
- 'Jelena' Romance: Selena Gomez Shares her Most Shocking Date with Justin Bieber Involving $3M- Diamond [PHOTOS/VIDEO]
- Watch Out, Robert Pattinson! Kellan Lutz Reveals He Turned Down The Role Of ‘Twilight’ Lead Edward Cullen [PHOTOS/ VIDEOS]