FX.co ★ GBP/USD approaching major resistance, remain bearish

The price has broken major support and we look to sell from the pullback resistance at 1.3464 (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.3319 support (Fibonacci retracement, horizontal pullback support).

Stochastic (21,5,3) is seeing major resistance below 98% and we expect a strong reaction off this level.

Sell below 1.3463. Stop loss is at 1.3533. Take profit is at 1.3319.