Title
GBPUSD H4 | Potential bearish reversal?
Type
Bearish Reversal
Preference:
Price is moving toward our pivot point of 1.2884 that aligns with 50% FIbo retracement. A reverse from here, price could fall to 1st support level at 1.2776
Alternative scenario:
However, if price breaks above the pivot, it could push to 1st resistance at 1.2968 which is a pullback resistance level
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Source: Tickmill