GBP/USD close to major resistance, prepare to sell

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

Stochastic (34,3,1) is seeing major resistance below 98% where we expect a reaction from.

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


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