Potential bearish drop?

24 พ.ย.

GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% and the 23.6% Fibonacci retracement and could drop from this level to our take profit.

Entry: 1.2619
Why we like it:
There is a pullback resistance level that aligns with he 61.8% and the 23.5% Fibonacci retracement.

Stop loss: 1.2725
Why we like it:
There is am overlap resistance level that is slightly below the 50% Fibonacci retracement.

Take profit: 1.2473
Why we like it:
There is a pullback support level.

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