Title
GBPUSD H4 | Potential bearish reversal?

Type
Bearish Reversal

Preference:

Price is approaching our pivot point of 1.27405 which is a multi swing high resistance that aligns with 61.8 % Fibo retracement. A reverse from here, price could fall to 1st support at 1.26725

Alternative scenario:

However, if price breaks above the pivot, it could push to 1st resistance at 1.28189 which is a swing high resistance level.

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