GBP/USD has reached a key level of resistance structure. The distribution perceived as the next thing to come from GBP could lead to a 4HR swing trading opportunity. GBP/USD is testing a strong resistance area which gives rise to a potential high probability shorting opportunity as follows: Live D1 chart The price action has been monitored since the following article was published: GBP/USD Price Analysis: Bears lurking at weekly and daily resistances as expected, as evidently illustrated below in the previous charts, cable was expected to climb to test the resistance: Prior D1 chart Prior 4HR setup charts As can be observed, all is going to plan and we now need to see bearish conditions as the price is rejected at the current resistance area: The market still has some leg work to do, but this a pair that can go on the watchlist and the downside fits the bearish Brexit narrative well. Similarly, stubbornly long CFTC positioning highlights downside risks and the recent rise of no-deal Brexit probability bodes ill for the rather complacent sterling. Compared to previous risks of a hard Brexit, GBP positing in at surprisingly high levels. Then, when looking to the DXY for further confirmation, there is a bullish technical picture there as well: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD pays a little heed to upbeat New Zealand Q2 GDP but stays above 0.6700 FX Street 2 years GBP/USD has reached a key level of resistance structure. The distribution perceived as the next thing to come from GBP could lead to a 4HR swing trading opportunity. GBP/USD is testing a strong resistance area which gives rise to a potential high probability shorting opportunity as follows: Live D1 chart The price action has been monitored since the following article was published: GBP/USD Price Analysis: Bears lurking at weekly and daily resistances as expected, as evidently illustrated below in the previous charts, cable was expected to climb to test the resistance: Prior D1 chart Prior 4HR setup charts As… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.