Even though this is a convincing double top i would not write off further upside price action. The Stochastics along certainly point to higher levels and the Ensign 100 range bar chart looks encouraging.
UPDATE+chart (Below)1830hrs
The fact is not lost on me that we have stopped bang on the Fib 61.8% retracement level. This maybe it now...at least for today and then price will either go back down to the 1.2150 level to have another crack at going lower through the LMLP or of course we may have a small sell off before price goes higher either in Asia tonight or more likely the London AM session tomorrow.
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