Double Bottom and trendline: The 1H chart shows a double bottom that was completed when the market pushed above 1.5155. It also broke above a falling trendline that goes back to the 1.5385 resistance pivot. In the 1H chart price is now above the 200-hour SMA, and the RSI has tagged 70, showing birth of bullish momentum. But will all these “bottoming” signs hold? Throwback: As get ready for the 5/30 US session, GBP/USD is retreating from 1.52. This throwback will test whether the market is putting in a bottom. If it is, price should really stay above 1.51. Falling below 1.5090 neutralizes the bullish outlook, while a ... (full story)