GBPUSD H4 | Bearish Reversal
Title
GBPUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
price is rising toward the pivot of 1.3099, an overlap resistance. A reverse from this level could lead the price to fall to 1st support at 1.3031, a pullback support close to 38.2% Fibo retracement
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.3182, a pullback resistance level.