GBPUSD H4 | Bearish Drop
Title
GBPUSD H4 | Bearish Drop
Type
Bearish Reversal
Preference:
Price is approaching the pivot of 1.3184, an overlap resistance close to 50% Fibo retracement. A drop from this level could lead the price to fall to 1st support at 1.3131, an overlap support.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.3230, a swing-high resistance