GBP/USD approaching resistance, potential drop!


Trading Recommendation

Entry: 1.31262

Reason for Entry: breakout level, 38.2% Fibonacci retracement

Take Profit : 1.27253

Reason for Take Profit:

50% Fibonacci retracement

Stop Loss: 1.35194

Reason for Stop loss:

Horizontal swing high resistance

The material has been provided by InstaForex Company –

Source:: GBP/USD approaching resistance, potential drop!

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