FX.co ★ GBP/USD reaches profit target and turns bearish

The price has bounced and reached our yesterday's profit target. We turn bearish below 1.2546 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 1.2356 support (Fibonacci retracement, Fibonacci projection, swing low support).

RSI (34) is seeing strong descending resistance holding the price on the downside.

Sell below 1.2546. Set stop loss at 1.2632 and take profit at 1.2356.