GBPUSD Rejected from Key Resistance | July 4, 2017

Gbpusd failed to break resistane zone again. This level has become key resistance for this pair. 1.3030-47 level will act now as key resistance zone. So we need to consider this zone for taking entry. Below this zone, we should look for sell setup. Sellers are taking control over this pair below the resistance. So before taking buy entry, we need strong buy confirmation; otherwise, sell is better for this pair.

We are looking for sell on this pair on 1.2970-80 level, SL will be above the resistance zone. TP level will be 1.2900, then 1.2810 level.

We should go for buy if this pair can break the resistance zone. Then we may see huge bullish rally on this pair.

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