Title
GBPUSD H4 | Bearish reaction off 61.8% fibo?

Type
Bearish Reversal

Preference:
Price is approaching our pivot point at 1.2790, which is a multi-swing high resistance, and 61.8% fibo projection. Price could fall to the 1st support at 1.2708, which is slightly above the 50% fibo retracement and multi-swing low support level.

Alternative scenario:
If price breaks above the pivot point, then price could rise towards the 1st resistance at 1.2874, which is a swing high resistance and 100% fibo projection..

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