FX.co ★ GBP/USD facing bearish pressure, potential for further drop

Trading Recommendation

Entry: 1.23546

Reason for Entry: Our horizontal overlap support, 100% fibonacci extension and 61.8% fibonacci retracement

Take Profit: 1.22330

Reason for Take Profit: Horizontal swing low support, 78.6% fibonacci retracement

Stop Loss: 1.24628

Reason for Take Profit: Horizontal pullback resistance, 38.2% fibonacci retracement