GBPUSD - Technical Analysis: Wednesday, 13/05/2020 13:56 GMT

The GBPUSD pair’s last rise stopped at the recent top without surpassing it, to place double top that supports going for more bearish correction.

The exponential moving averages 50 and 100 press on the price now to open the door to continue the decline, and consolidating below 1.2390 is required to continue the bearish correction.