Title

GBPUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price has just reacted off the pivot of 1.3102, 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 1.3157, a pullback resistance level.