easyMarkets

GBPUSD approaching resistance, potential drop!

Short
FX:GBPUSD   British Pound / U.S. Dollar


Price is approaching our first resistance (horizontal swing high resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop to our major support (horizontal swing low support,61.8% Fibonacci extension, 61.8% Fibonacci retracement) might occur. Stochastic is also approaching resistance where we might see a drop.
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