Title
GBPUSD H4 | Bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot of 1.2805, an overlap resistance close to 38.2% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.2735, an overlap support.

Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.2847, an overlap resistance close to 50% Fibo retracement

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