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GBPUSD approaching resistance, potential drop!

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
easyMarkets Broker  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD GBP USD gbpusdlong gbpusdshort Forex forextrading forexsignals
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trendanalysis harmonicpatterns chartpattern gbpusd gbp usd gbpusdlong gbpusdshort forex forextrading forexsignals
GBPUSD is approaching our first resistance at 1.3081 (horizontal swing high resistance, 76.4% Fibonacci retracement, descending channel’s resistance) where a strong drop might occur below this level pushing price down to our major support at 1.2930 (100% Fibonacci extension, 23.6% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we are expecting a drop below this level.
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