FX.co ★ GBP/USD approaching major resistance, prepare to sell

Price is approaching major resistance at 1.3265 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction from this level to push price down to at least 1.3074 support (Fibonacci retracement, horizontal overlap support).

Stochastic (34,3,1) is seeing major resistance at 93% and we expect a corresponding drop from this level.

Sell below 1.3265. Stop loss at 1.3324. Take profit at 1.3074.