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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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GBP/USD approaching resistance, potential drop!

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GBPUSD is approaching resistance where we might see a drop in price.

Entry: 1.2777

Why it's good : Horizontal swing high resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement

Stop Loss : 1.2813

Why it's good : Horizontal swing high resistance

Take Profit : 1.2715

Why it's good: 61.8% Fibonacci extension, 23.6% Fibonacci retracement, Horizontal overlap support

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