GBPUSD is approaching our first resistance where we might be seeing a drop below this level.
Why it's good : Horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension
Stop Loss : 1.2358
Why it's good : Horizontal pullback resistance, 38.2% Fibonacci retracement
Take Profit : 1.1904
Why it's good: Horizontal swing low support
The material has been provided by InstaForex Company - www.instaforex.com
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