Title
GBPUSD H4 | Potential bearish reversal

Type
Bearish Breakout

Preference:
Price is testing our pivot at 1.2319 which is an overlap support along with a 78.6% Fibo retracement. if price were to reverse, it could drop down to 1st support at 1.21945 which is an overlap support level.

Alternative scenario:
On the other hand, if the price breaks above the pivot, it could rally towards the 1st resistance level at 1.24426, which is a swing high resistance level.

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