GBPUSD facing bearish pressure, potential for further drop!

Price is facing bearish pressure from our first resistance at 1.2973 (23.6% Fibonacci retracement, Horizontal overlap resistance) where we can expect a further drop to our major support level at 1.2774 (61.8% Fibonacci retracement, Horizontal swing low support).
RSI is also approaching our descending resistance line.
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