GBPUSD H1 | Dropping to support?

Title
GBPUSD H1 | Dropping to support?

Type
Bearish Drop

Preference:
Price is currently at the pivot point of 1.2849, an overlap resistance. A drop from this level could lead the price to fall to 1st support at 1.2761, a pullback support level.

Alternative scenario:

If the price breaks above the pivot, it could rise to 1st resistance at 1.2900, above a 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 | Dropping to support?

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