GBP/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.

Entry: 1.2865
Why we like it:
There is an overlap support level.

Stop loss: 1.2803
Why we like it:
There is an overlap support level that is slightly above the 127.2% Fibonacci extension.

Take profit: 1.2936
Why we like it:
There is a pullback resistance level.

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