GBPUSD H1 | Bullish reversal
Title
GBPUSD H1 | Bullish reversal
Type
Bullish Bounce
Preference:
Price is falling toward the pivot point of 1.2502, a pullback support A bounce from this level could lead the price to rise to 1st resistance level at 1.2597, which aligns with the 161.8% Fibonacci extension
Alternative scenario:
If the price breaks below the pivot, it could fall to 1st support at 1.2462, an overlap support level.
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