GBPUSD H4 | Bearish Reversal
Title
GBPUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
price is falling to the pivot of 1.3226, an overlap support close to 50% Fibo retracement. A reverse from this level could lead the price to rise to 1stresistance at 1.3276, a pullback resistance
Alternative Scenario:
If price breaks below the pivot, it could fall to 1st support at 1.3171, an overlap support close to 61.8% FIbo retracement.