Title

GBPUSD H4 | Bearish Breakout

Type

Bearish Breakout

Preference:

price is falling to the pivot of 1.3261, A breakout from this level could lead the price to fall to 1st support at 1.3210, a pullback support close to 38.2% Fibo retracement. 

Alternative Scenario:

If the price bounces from the pivot, it could rise to 1st resistance at 1.3327