GBPUSD is approaching our first resistance at 1.3238 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.3105 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is approaching resistance as well.
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Losses can exceed the initial investment so please ensure you fully understand the risks.

Chart PatternsGBPGBPUSDgbpusdlonggbpusdshortHarmonic PatternsTrend AnalysisUSD

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