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Expert In



GBP/USD facing bearish pressure, potential for further drop!

Price is facing bearish pressure from our first resistance where we are expecting a drop below this level.

Entry : 1.2973

Why it's good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending resistance line

Stop Loss : 1.3038

Why it's good : 50% fibonacci retracement, horizontal pullback resistance

Take Profit : 1.2774

Why it's good : horizontal swing low support, 61.8% fibonacci retracement


The material has been provided by InstaForex Company -