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


GBPUSD is facing bearish pressure from our first resistance where we could be seeing a further drop below this level.

Entry: 1.2383

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

Stop Loss : 1.2522

Why it's good : horizontal swing high resistance

Take Profit : 1.2167

Why it's good: Horizontal overlap support, 50% Fibonacci retracement


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