GBP/USD Approaching Resistance, Prepare For A Reversal

GBP/USD is approaching its resistance at 1.2925 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is expected to reverse down to its support at 1.2788 (61.8% Fibonacci retracement, horizontal overlap support).

Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.

GBP/USD is approaching its resistance where we expect to see a reversal.

Sell below 1.2925. Stop loss 1.3005. Take profit at 1.2788.

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