Title

GBPUSD H1 I Bullish Bounce

Type

Bullish Breakout

Preference:

Price is currently at the pivot of 1.3126, an overlap support. A bounce from this level could lead the price to rise to 1st resistance at 1.3160, a pullback resistance close to 61.8% Fibo retracement.

Alternative Scenario:

If price breaks below the pivot, it could drop to 1st support at 1.3077, a swing low support.