Title
GBPUSD H1 | Potential bearish reversal

Type
Bearish Reversal

Preference:

Price is currently at our pivot point of 1.25653 which lines up with a 78.6% Fibo retracement. A reverse from here. price could fall to 1st support at 1.25007 which is a pullback support level

Alternative scenario:
However, if price breaks above the pivot, it could rally to 1st resistance at 1.2602 which is just slightly above the swing high resistance level. 

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