Title
GBPUSD H4 | Bearish Drop

Type
Bearish Drop

Preference:
Price is falling toward the pivot of 1.2849. A breakout from this level could lead the price to fall to 1st support of 1.2780, an overlap support close to 61.8% Fibo retracement.

Alternative scenario:
If price bounces from the pivot, it could rise to 1st resistance of 1.2899, an overlap resistance

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