GBP/USD: "Triple Top" points to a possible decline
The price is testing the “Triangle’s” lower side. Also, we’ve got a resistance by the 55 Moving Average, so the price is likely going to continue falling down. If we see a pullback from a support at 1.3116 – 1.3015, there’ll be an opportunity to have an upward correction.
There’s a consolidation between the 89 Moving Average and the nearest support at 1.3063. Moreover, we’ve got a “Triple Top”, so the market is likely going to achieve the next support at 1.3071 – 1.3056 in the short term.