Title
GBPUSD H4 | Bearish Drop

Type
Bearish Drop

Preference:
Price is currently at the pivot of 1.2796, a pullback resistance. A fall from this level could lead the price to drop to 1st support at 1.2731, an overlap support.

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.285. a swing high resistance

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