FX.co ★ GBP/USD profit target reached perfectly, prepare to sell from here

The price has bounced up and reached our profit target. We prepare to sell below 1.3006 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop towards at least 1.2929 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support).

Stochastic (34,5,3) is fast approaching our 95% resistance where we expect a reaction from.

Sell below 1.3006. Stop loss is at 1.3053. Take profit is at 1.2929.