Title

GBPUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is rising toward the pivot of 1.3060, a pullback resistance close to 50% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.2990, a pullback support close to 61.8% Fibo projection

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.3102, an overlap resistance level.