Title
GBPUSD H4 I Potential bullish reversal?

Type
Bullish Bounce

Preference:
Price is falling toward our pivot point of 1.25416 which is a pullback support level that aligns with 161.8% extension and 100% Fibo projection. A bounce off from here, price could rise to 1st resistance at 1.26182 which is a pullback resistance level

Alternative scenario:
However, if price breaks below the pivot, it could fall to 1st support at 1.24472

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