Trader, analyst and instructor with a 6-year experience

JP Morgan: double top in GBP/USD

JP Morgan holds a short GBP/USD position from $1.6110 with a target at $1.5150 and a stop at $1.6400.

Analysts point that the double rejection from the $1.6260 top increases the risk of a "double top" pattern. They are planning to add to this short on a further spike to $1.6300.

График. Daily GBP/USD

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