Double bottom on the Pound?

On the daily chart of the GBP/USD we can see that the pair has fallen again to the 1.3200 level and it may formed a double bottom pattern, which is a bullish reversal formation. The neckline or confirmation line of the double bottom pattern is just below the 1.3500 level, therefore the price must break above the 1.3500 level to continue rallying. None the less, the 1.3600 level along with the 200 day EMA may act as resistance, followed by the 1.3700 level. On the other hand, the death cross is still in place, which is when the 55 day EMA crossed below the 200 day EMA and that is an indication that the bearish trend is still in place. The pair may continue with its bearish trend and if it breaks below the 1.3200 level, then its next support level may be the 1.3100 level or the 1.3060.