GBPUSD Long Term Chart | D1 Short

GBPUSD Daily analysis. Long term trade

As you can see in the graph above the GBPUSD is right now at very big resistance level the 200 Moving average. We all know that the 200 moving average on daily time frame being considered a very strong level so we have a really Strong psychological resistance level. Plus Brexit uncertainty is not over yet. Next week talk on Brexit will move this pair to clear direction.

Our recommendation is to open a Sell position and use the resistance we currently have

Sell b/w 1.3050 to 1.3090

Take Profit 1: 1.2855
Take Profit 2: 1.2735

Stop Loss: 1.3165

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