FX.co ★ GBP/USD bearish below major resistance

We remain bearish below major resistance at 1.2678 (Fibonacci retracement, horizontal overlap resistance) for a drop to at least 1.2383 support.

Stochastics (34,5,3) is reacting off major resistance at 93% and has good downside potential to follow our drop.

Sell below 1.2678. Stop loss at 1.1873. Take profit at 1.2383.