GBPUSD approaching resistance, potential drop!

GBPUSD is approaching our first resistance at 1.3202 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.3115 (horizontal overlap support, 61.8% Fibonacci retracement).
Stochastic (34,5, 3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price should it react off this level.
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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