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Short

GBPUSD approaching resistance, potential reversal!

FX:GBPUSD   British Pound / U.S. Dollar
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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GBPUSD Breakout trendline => LONG

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