GBPUSD approaching resistance, potential reversal coming!
Description :
Price is approaching our first resistance where we might see a corresponding drop in price.
Entry : 1.2740
Why it's good : 23.6% Fibonacci retracement, 100% Fibonacci extension
Stop Loss : 1.2825
Why it's good : 38.2% Fibonacci retracement, Horizontal swing high resistance
Take Profit : 1.2605
Why it's good : Horizontal swing low support, 76.4% Fibonacci retracement
