GBP/USD Reversed Off Resistance, Prepare For Further Drop

GBP/USD reversed off its resistance at 1.3077(61.8% Fibonacci extension, 61.8%, 50%, 23.6% & 76.4% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.2931 (38.2% Fibonacci retracement, horizontal swing low support).

Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop is expected.

GBP/USD reversed off its resistance where we expect to see a further drop.

Sell below 1.3077. Stop loss at 1.3179. Take profit at 1.2931.analytics5b98811a84c3f.png

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