FX.co ★ GBP/USD facing pressure from resistance, potential for further drop!

Trading Recommendation

Entry: 1.24651

Reason for Entry: Horizontal swing high resistance, 50% Fibonacci retracement, 200% fibonacci extension

Take Profit : 1.19650

Reason for Take Profit: 50% Fibonacci retracement, horizontal swing low support, 100% fibonacci extension

Stop Loss: 1.27577

Reason for Stop loss: Horizontal pullback resistance, 61.8% fibonacci retracement