GBPUSD is standing at the strong resistance zone

GBPUSD Resistance analysis

GBPUSD has come to the strong resistance zone after a long time.

For Buying GBPUSD, please be patience and wait for the confirmation of breakout at the resistance to have a trend continuation.

For Selling GBPUSD, please wait for the breakout at the bottom of this minor Ascending channel.

The Brexit talks started last week, level playing field, fisheries are main parts which is still not solved.

EURUSD and GBPUSD close to the nearest resistance level. As the talks expecting whether the outcome will be positive or negative.

If positive outcome flows EUR and GBP push higher to new levels and Negative outcome shows Reverse from the resistance level.

 

 

 

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