Nice idea on GBPUSD and there may be bearish potential as you have identified. I have identified a resistance level at 1.3152. It is a horizontal overlap resistance, with a 61.8% &100% Fibonacci extension and 76.4% & 61.8% Fibonacci retracement. Stochastic is approaching its resistance at 97%, where a corresponding drop may occur. If a potential drop does happen, we may take a closer look at the 1.3041 support level, which is within the support zone that you have identified. It is a horizontal overlap support with a 50% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at my idea and we would like to hear from you.
Please have a look at my idea and we would like to hear from you.