GBPUSD H4 | Bearish Reversal
Title
GBPUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
price is rising toward of the pivot of 1.3366, which lines up with the 127.2 Fibo extension and 61.8% Fibonacci Projection. A reverse from this level could lead the price to fall to 1st support at 1.3326, a pullback support
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 1.3395, which lines up with the 161.8% Fibo extension