GBPUSD H4 | React off resistance

Title
GBPUSD H4 | React off resistance

Type
Bearish Reversal

Preference:
Price is approaching our pivot point of 1.27273 which is a multi swing high resistance level. A reverse from here, price could fall to 1st support level at 1.26739 that aligns with 50% Fibo retracement which is an overlap support.

Alternative scenario:
However, if price breaks above the pivot, it could push up to 1st resistance at 1.27735 which is a pullback resistance

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Source: Tickmill

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GBPUSD H4 | React off resistance

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