GBP/USD: 'Double Top' points to correction
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All the Moving Averages have been broken, so the price is rising. However, there's a 'Double Top' pattern, so the market is likely going to test the nearest support at 1.3047 - 1.3032. A pullback from this area could be a starting point for another bullish price movement towards 1.3137 - 1.3162.
There's a 'Double Top' pattern, which has been confirmed. In this case, we should keep an eye on the closest important support at 1.3047 - 1.3032. If a pullback from this area happens next, we should watch another resistance at 1.3137 - 1.3162 as an intraday target.