GBPUSD H1 | Bearish Drop

Title
GBPUSD H1 | Bearish Drop

Type
Bearish Drop

Preference:
Price is currently at the pivot point of 1.2807 an overlap resistance level. A drop from this level could lead the price to fall to 1st support at 1.2761, a pullback support that closes to 23.6% Fibo

Alternative scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.2830, above the swing high resistance

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

Source: Tickmill

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GBPUSD H1 | Bearish Drop

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