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GBP/USD approaching resistance, potential drop!

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Trading Recommendation

Entry:1.28005

Reason for Entry: Horizontal pullback resistance, 61.8% fibonacci extension, 76.4% fibonacci retracement

Take Profit : 1.22555

Reason for Take Profit: Horizontal swing low support

Stop Loss: 1.31282

Reason for Stop loss: Horizontal swing high resistance

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