GBP/USD approaching resistance, potential drop!

Trading Recommendation

Entry: 1.18908

Reason for Entry: Horizontal swing high resistance, 23.6% Fibonacci retracement, 100% Fibonacci extension

Take Profit : 1.14128

Reason for Take Profit: Horizontal swing low support

Stop Loss: 1.21258

Reason for Stop loss: Horizontal swing high resistance, 38.2% Fibonacci retracement, 10% fibonacci extension