Title
GBP/USD H4 I Bearish continuation expected?

Type
Bearish Drop

Preference:

The price is falling toward our pivot point of 1.2511, which serves as a pullback resistance level. A reverse from this point could lead the price to fall to the 1st support at 1.2454, a swing low support.

Alternative scenario:

However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2547,  a multi-swing high resistance level.

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