GBPUSD H1 | Bearish reversal

Title
GBPUSD H1 | Bearish reversal

Type
Bearish Drop

Preference:
Price is currently at the pivot point of 1.273 a swing-high resistance. A reverse from this level could lead the price to fall to 1st support at 1.2643, a pullback support level.

Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.2672, 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 reversal

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