GBP/USD - DOUBLE TOP PRICE FORECAST | LONG TERM OUTLOOK

• Price has historically found great struggle in surpassing the 1.34-1.35 level over the past 2 years with very profound rejections from this level.
  
• Price has topped twice in the last few months as GBPUSD tried to, yet again, breach this level.
  
• Current movements suggest that it may be struggling again given wicky price action, pinbars & hammers and other indications.
  
• Weekly & monthly stochastic are also showing exhaustion and reversal signs.
  
• Due to the current wicky nature of GBPUSD on both sides of the candles, I will NOT be opening a position due to the increased risk factor of the current setup.
  
• The chart will be observed for further solidification of a direction, with a bias to the downside, before entering and timing will be key on any GBPUSD positions.