Title
GBPUSD H4 | Bearish breakout

Type
Bearish Breakout

Preference:
Price is falling toward the pivot point of 1.2609. A breakout from this level could lead the price to fall to 1st support level at 1.2553, a multi swing low support level.

Alternative scenario:
If the price bounces off the pivot, it could rise to 1st resistance at 1.2667, an overlap resistance level

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