Title
GBPUSD H4 | Reacting off Resistance level?

Type
Bearish Reversal

Preference:

Price has just reacted off our pivot point of 1.27233, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.26179  , an overlap support level.

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.27996, which serves as a swing high resistance level.

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