Title:
GBPUSD H4 | Bearish continuation expected?

Type
Bearish Drop

Preference:
Price is currently at our pivot point of 1,2542, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.2454, an overlap support level.

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2617, which serves as an overlap resistance level

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