Title
GBPUSD H4 I Bounce off Support level?

Type
Bullish Bounce

Preference:

Price has just bounced off our pivot of 1.26647 which is an overlap support level. A bounce off from here, price could push to 1st resistance at 1.27076 which  is just before the 38.2% Fibo retracement.

Alternative scenario:
Howe if price breaks below the pivot, it could fall to 1st support at 1.26048 which is a multi swing low support level

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