GBPJPY double top found

Double Top Formation in GBPJPY

A bearish Double Top pattern has formed in the GBPJPY currency pair, indicating a potential reversal of the uptrend.

Key levels to watch:

Neckline support: 190.125
Resistance: 191.500
Target: 189.500

The Double Top pattern is characterized by:

Two consecutive peaks at similar levels
A decline between the two peaks
A potential breakout below the neckline support

A breakout below the neckline support (190.125) could trigger a short position, targeting 189.500.

Keep a close eye on GBPJPY for a potential breakdown!"

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