Title

GBPUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is rising toward of the pivot of 1.3205, a pullback resistance close to 38.2% Fibo retracement.A reverse from this level could lead the price to fall to 1st support at 1.3118, an overlap support.

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.3266, a pullback resistance level close to 61.8% Fibonacci retracement