FX.co ★ GBP/USD testing major resistance, time to start selling

The price is now testing major resistance at 1.3340 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and we expect to see a major drop from here towards 1.3050 support (Fibonacci extension, horizontal swing low support).

Stochastic (55,3,1) also sees major resistance at 96% and there's bearish divergence signaling that a reversal is impending.

Sell below 1.3340. Stop loss is at 1.3467. Take profit is at 1.3050.