Title
GBPUSD H4 | Rising towards resistance?

Type
Bullish Rise

Preference:
Price is currently at our pivot point of 1.2390, which serves as a pullback support that aligns with the 38.2% Fibo retracement. A reversal from this point could lead the price rise to the 1st resistance at 1.2479

Alternative scenario:
However, if the price breaks below the pivot, it might fall to the 1st support at 1.2300, which serves as a pullback support levelel

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