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.