GBP/USD is reacting off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.2615 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.2725 Why we like it: There is an overlap resistance level.
Take profit: 1.2486 Why we like it: There is a pullback support level.
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