Title
GBPUSD, H4 | Bounce from swing low support?

Type
Bullish Bounce

Preference:
Price has started to bounce really nicely on GBPUSD at the 1.1924 level which is a multiple swing low support. There’s a chance price might make a bounce up towards our 1st resistance level at 1.2134 which is a multiple swing high resistance.

Alternative scenario:
If price were to break the pivot level, though, then the next key support level we’re looking at is at 1.1837 which is a swing low support.

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