Title
GBPUSD H4 | Falling from a pullback resistance?

Type
Bearish Reversal

Preference:

Price is rising toward our pivot point of 1.26539 which serves as a pullback resistance level that aligns with 50% Fibo retracement. A  reversal from this point could lead the price to drop to the 1st support at 1.25705, a swing-low support level.

Alternative scenario:

 However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2746, which serves as a swing-high resistance level.

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