Title
GBPUSD H4 | Potential bounce off support level

Type
Bullish Bounce

Preference:

Price is falling toward our pivot point of 1.25925 which is an overlap support level that aligns with a 50% Fibo retracement. A reverse from here, price could push up to 1st resistance level at 1.27071

Alternative scenario:

However, if price breaks above the pivot. it could fall to 1st support at 1.24835 which  is an overlap support level.

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