FX.co ★ GBP/USD approaching major resistance, remain bearish

The price is approaching major resistance at 1.3170 (Fibonacci extension, long term swing high resistance) and we expect to see a reaction off that level for a drop to at least 1.2820 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,5,3) is seeing major resistance below 95% and we expect to see a drop from here.

Sell below 1.3170. Stop loss is at 1.3257. Take profit is at 1.2820.