BabyPips.com School of Pipsology
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Is that a complex double top formation I'm seeing on GBP/USD's 4-hour time frame? Let me take off my groovy glasses to have a closer look. It appears that the pair has tested the 1.5700 major psychological resistance twice and has been rejected twice as well! The neckline of the formation is located near the 1.5500 minor psychological level and, if the pair breaks below that handle, it could be headed all the way down to 1.5300.






