Title

GBPUSD H4 | Bearish Reversal

Type

Bearish Reversal 

Preference:

The price is moving towards the pivot level of 1.3396, which acts as a pullback resistance close to the 50% Fibonacci retracement. A reversal at this level might cause the price to drop to the 1st  support level at 1.3359, an overlap support near the 61.8%  Fibonacci retracement.

Alternative Scenario:

 If the price breaks above  the pivot, it could rise to the 1st resistance level at 1.3434, which serves as a swing-high resistance.