GBP/USD approaching resistance, potential drop!



Price is approaching our first resistance a 1.28722 where we are expecting a drop to our first support level at 1.27697.

Entry: 1.28722
23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance
Take Profit : 1.27697
Why it's good : horizontal swing low support

Analysis are provided byInstaForex.