GBP/USD to test resistance, a drop is possible!

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GBPUSD to test key resistance, a drop to 1st support is possible

Entry: 1.2764

Why it’s good : 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance

Stop Loss : 1.2871

Why it’s good :50% Fibonacci retracement,100% Fibonacci extension, horizontal pullback resistance

Take Profit : 1.2652

Why it’s good: 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support

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The material has been provided by InstaForex Company – www.instaforex.com