GBPUSD to test key resistance, a drop to 1st support is possible
Entry: 1.2764
Why it's good : 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance
Stop Loss : 1.2871
Why it's good :50% Fibonacci retracement,100% Fibonacci extension, horizontal pullback resistance
Take Profit : 1.2652
Why it's good: 61.8% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support
The material has been provided by InstaForex Company - www.instaforex.com