GBPUSD appraoching resistancce, potential drop!

GBPUSD is approaching our first resistance at 1.3118 (horizontal overlap resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our first support level at 1.3039 (horizontal swing low support, 61.8% Fibonacci retracement).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
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