GBPUSD approaching resistance, potential drop!

١٤ يناير ٢٠١٩

GBPUSD is approaching our first resistance at 1.2885 (horizontal swing high resistance, 61.8%, 23.6% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur pushing price down to our major support at 1.2708 (horizontal swing low support, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching our resistance and we might see a corresponding drop in price.
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