GBP/USD facing strong bearish pressure after breaking key support, big upcoming drop!

Entry : 1.2973

Why it's good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending line

Stop Loss : 1.30349

Why it's good : horizontal swing high resistance, 50% fibonacci retracement

Take Profit : 1.2774

Why it's good : horizontal swing low support, 61.8% fibonacci retracement

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

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