GBPUSD is facing a strong upside resistance confluence
On the GBPUSD daily chart, we can see that the pair is facing a strong confluence of the resistance 1.3050-1.3100 zone. In a growing USD strength, it will be difficult for the GBP to break this zone, although the pair is above the 200 SMA 1.2990 level. For now, we prefer short trade entries here as long as the pair is below 1.3150 level.
Note: look for the short trades with the stop loss above the 1.3120 levelÂ
