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GBPUSD approaching resistance, potential reversal!

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 CAD aud NZD EUR jpy chf
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trendanalysis harmonicpatterns chartpattern gbpusd gbp usd cad aud nzd eur jpy chf
GBPUSD is approaching our first resistance at 1.2684 (100% Fibonacci extension, 23.6% Fibonacci retracement , horizontal overlap resistance) where a potential reversal might occur below this level pushing price down to our major support at 1.2525 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (21, 5, 3) is approaching our resistance where we might see a potential reversal below this level.

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