GBP/AUD Formed a Double Top

GBP/AUD has been slowly moving to the upside since the beginning of this year and that movement has been part of the long-term sideways consolidation that began all the way back in October 2016. That consolidation will likely continue because the pair reached the resistance at 1.7995 once again and bounced off from it for a second time, forming a clear double top at that level, as well as a shooting star candlestick, both on the weekly time-frame. Considering those two signals the pair will probably start moving to the downside again towards the support at 1.7380, which coincides with the (MA)89 indicator on the weekly time-frame.