GBPUSD H1 I Bullish Bounce
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.