GBPUSD is testing our intermediate resistance at 1.25563 where a break above this level could see price rise further to test our first resistance.
Entry: 1.25563
Why it's good : 61.8% fibonacci extension
Stop Loss : 1.24401
Why it's good : 38.2% Fibonacci retracement, horizontal swing low support
Take Profit : 1.27074
Why it's good: 100% Fibonacci extension, horizontal swing high resistance, 50% fibonacci retracement