Title
GBPUSD H1 | Bullish Bounce

Type
Bullish Bounce

Preference:
Price is falling toward the pivot point of 1.2591, an overlap support that aligns with 61.8% Fibo retracement. A bounce from this level could lead the price to rise to 1st resistance at 1.2671, a multi-swing high resistance.

Alternative scenario:
 If price breaks below the pivot, it could fall to 1st support at 1.2553, an overlap support

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