Technical: Technical Quick Note - Bearish Sterling scenario seems more and more likely to play out

GBPUSD failed yesterday to close back above 55 Moving Average. That is the second time after breaking the lower rising trendline and below the 55 SMA. GBPUSD seems set to test key support at around 1.1840. 100 and 200 daily SMA's will provide some support here. A close below 1.1840 will confirm a Double Top pattern unfolding with downside potential to ...     Alert Feb 15, 2023, 9:46pm Technical: Technical Quick Note - Bearish Sterling scenario seems more and more likely to play out GBPUSD failed yesterday to close back above 55 Moving Average. That is the second time after breaking the lower rising trendline and below the 55 SMA. GBPUSD seems set to test key support at around 1.1840. 100 and 200 daily SMA's will provide some support here. A close below 1.1840 will confirm a Double Top pattern unfolding with downside potential to ... View Story Edit This Alert     You've opted-in to receive Alerts from Forex Factory. • Unsubscribe from this content • Enable Do-Not-Disturb to pause all Alerts • Contact FF for Alert support