Title
GBPUSD D1 | Bullish Bounce (Swing)

Type
Bullish Bounce

Preference:
Price is falling toward the pivot point of 1.2797, a pullback support close to 61.8% Fibo retracement. A bounce from this level could lead the price to rise to 1st resistance level at 1.2903, a pullback resistance

Alternative scenario:
If the price breaks below the pivot, it could fall  to 1st support at 1.2715, a pullback support  level

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.