Title

GBPUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is rising toward the pivot of 1.3156, a pullback resistance. A reverse from this level could lead the price to fall to 1st support at 1.3044, a pullback support close to 127.2% Fibo extension and 38.2% Fibo retracement. 

Alternative Scenario:

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