Title

GBPUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is rising toward of the pivot of 1.3200, a pullback resistance close to 61.8% Fibo retracement.A reverse from this level could lead the price to fall to 1st support at 1.3136, a pullback support close to the 38.2% Fibonacci Retracement.

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.3238, a swing high resistance level.