Technical analysis of GBP/USD for May 08, 2017

Overview: Pivot point: 1.2744. The GBP/USD pair faced strong resistance at the level of 1.2973 because the double top is set around the spot of 1.2986. So, the strong resistance has been already formed at the level of 1.2973 and the pair is likely to try to approach it in order to test it again. […]