FX.co ★ GBPUSD testing key resistance! Short term drop incoming!

GBPUSD has been on an uptrend and has reached a key graphical swing high and 100% Fibonacci extension level at our 1st resistance at 1.39821. A short term drop towards ascending trendline support and 1st support at 1.39018 could be possible. Stochastic is also testing resistance where price dropped in the past.