Title
GBPUSD H1 | Bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of  1.2739, a pullback resistance close to the 50% Fibonacci retracement level. A reverse from this level could lead the price to fall to 1st  support level at 1.2678, which is considered a support level.

Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.2807, an overlap resistance level

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