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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!

Price is approaching our first resistance a 1.28722 where we are expecting a drop to our first support level at 1.27697.

Entry: 1.28722

23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance

Take Profit : 1.27697

Why it's good : horizontal swing low support

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