GBPUSD Reversed Off Resistance, Potential Drop!

1 011
GBPUSD reversed off its resistance at 1.3202 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentiall drop further to its support at 1.3115 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) still has some downside potential.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.