GBP/USD close to major resistance, get ready to sell




The price continued to rise well to our major resistance zone as expected. We prepare for the sale on the major resistance at 1.3269 (Fibonacci retracement, horizontal overlap of the resistance) and we expect a strong reaction off of this level to push prices down to at least 1.3032 of support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,3,1), it is to see the great resistance below 98%, where we expect a reaction.

Sell below 1.3269. Stop loss is at 1.3357. Take profit is at 1.3032.



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