GBPUSD Looks Top Heavy

Looking heavy, the pound sterling looks ready for a temporary pullback as it consolidates for the fourth consecutive day. Momentum indicators are backing the notion with a stochastic death cross formation and an incremental divergence in MACD. Ultimately, sellers will likely target the ominous $2.0000 figure, which is supporting a descending triangle formation in the hourly with take profits as low as 1.9916. First up will be the 1.9951 (200 hMA) support with considerable barriers at the 1.9930 (38.2% fib from 1.9592-2.0136). Upside tests will encompass a plausible double top at the 2.0136 (April 18th high), bearish as they come.