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04.06.2019 04:11 AM
GBP/USD approaching resistance, potential drop!

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Price is approaching our first resistance level where we might see a corresponding drop.

Entry : 1.2747

Why it's good : Horizontal swing high resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension

Stop Loss : 1.2872

Why it's good : Horizontal pullback resistance, 38.2% Fibonacci retracement

Take Profit : 1.2578

Why it's good : 78.6% Fibonacci retracement, horizontal swing low support

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Summary
Urgency
Analytic
InstaForex Analyst
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