GBPUSD, The long-term trend is downLast month the GBPUSD stopped right at the resistance line, just below the Ichimoku cloud.
We are only at the beginning of the current month, but you can already see that the current candle supports the bear model.
The GBPUSD is below the important moving average lines and below the Ichimoku cloud so our recommendation is to sell
Target: 1.2750
Gbpusdsell
GBPUSD SELL IDEATechnicals-
Market structure on 4HR chart showing price making LH's and LL'S.
Trendline also confirming the down trend with fib confluence of 61.8% Rejection at high volume area.
Fundamentals-
We have brexit news in just under 3 hours at the time of posting this chart. Therefore, it could potentially provide the liquidity required to move this pair aggressively which is why I am happy to take the trade at this time.
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