Simple Moving Average(SMA) 50-period (red), 200-period (bold, gray)
RSI-14 with Simple Moving Average 5-period of RSI attached.

Fibonacci Study
Elliott Wave Principles
Market and Price Action (patterns, candlesticks)
Intraday pivots and Intermediate-term support and resistance

Multiple Time-frame Analysis

Forex Notes (2/23)

GBP/USD
GBP/USD

- The failed to break above 1.63, failing to even test it, topping at 1.6280.
- The decline from there started with a double top seen in the right part of the 1H Chart.
- Now near we have cracked 1.61, and another double top is formed. A pullback should not go above 1.6180 if the market is to confirm the bearish intent. The upside to 1.65 opens up if 1.63 is cracked, but we are in a very short-term bearish attempt, that can extend into the short medium term (1 week or 2).
- The RSI in the 4H chart should also break below 40, or the market still has bullish momentum.
- Below 1.61, the 1.5950-1.5960 area is an important support pivot, where the market can rally again to test our highs near 1.63. Below that we can target 1.5750 or 1.57.

GBP/USD

Will the larger double top be complete next week? We would love to hear what you think.
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