GBP/USD facing bearish pressure from descending trend line


Trading Recommendation

Entry: 1.24425

Reason for Entry: Horizontal overlap resistance, 78.6% fibonacci extension and 61.8% fibonacci retracement

Take Profit: 1.22637

Reason for Take Profit: Horizontal overlap support, 76.4% fibonacci retracement, 61.8% fibonacci extension

Stop Loss: 1.25461

Reason for Take Profit: Horizontal swing high resistance, 50% fibonacci retracement

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