GBP/USD approaching resistance, potential drop!

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Trading Recommendation

Entry: 1.27622

Reason for Entry: horizontal pullback resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement

Take Profit : 1.19800

Reason for Take Profit: Horizontal pullback support, 61.8% fibonacci retracement

Stop Loss: 1.31922

Reason for Stop loss: Horizontal swing high resistance

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