GBPUSD H4 | Bearish Breakout
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