GBP/USD facing bearish pressure from descending trend line

Trading Recommendation Entry: 1.24425 Reason for Entry: Horizontal overlap resistance, 78.6% fibonacci extension and 61.8% fibonacci retracement Take Profit: 1.22637 Reason for Take Profit: Horizontal overlap support, 76.4% fibonacci retracement, 61.8% fibonacci extension Stop Loss: 1.25461 Reason for Take Profit: Horizontal swing high resistance, 50% fibonacci retracement The material has been provided by InstaForex Company […]