GBP/USD reversing off resistance, potential for further drop!

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GBPUSD is reversing off our first resistance where we remain bearish below our first resistance level.

Entry: 1.2472

Why it's good : horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.2503

Why it's good : horizontal pullback resistance, 61.8% Fibonacci retracement

Take Profit : 1.2430

Why it's good: 100% Fibonacci extension

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