GBP/USD approaching major resistance, and remain bearish




The price has broken an important support and we look forward to sell from the drop of the resistance at 1.3464 (Fibonacci retracement, horizontal overlap of the resistance) to the push down to at least 1.3319 of support (Fibonacci retracement, horizontal drop support).

Stochastic (21,5,3), it is to see the great resistance below 98%, and we expect to see a strong reaction off of this level.

Sell below the 1.3463. Stop loss is at 1.3533. Take profit is at 1.3319.



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