GBP/USD near resistance, a drop is possible!

GBPUSD is near resistance, a drop to 1st support is possible

Entry: 1.2564

Why it's good : 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance

Stop Loss : 1.2660

Why it's good :horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension

Take Profit : 1.2462

Why it's good: 100% Fibonacci extension