GBP/USD approaching resistance, potential drop!

GBPUSD is approaching our first resistance where we might be seeing a drop below this level.

Entry: 1.2152

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

Stop Loss : 1.2358

Why it's good : Horizontal pullback resistance, 38.2% Fibonacci retracement

Take Profit : 1.1904

Why it's good: Horizontal swing low support