GBPUSD H4 | Bearish Reversal
Title
GBPUSD H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
The price is moving up towards the pivot level of 1.3156, which acts as a pullback resistance. A reversal at this level could cause the price to drop to the 1st support at 1.3031, an overlap support close to the 50% Fibonacci retracement.
Alternative Scenario:
If the price breaks above the pivot, it may rise to the 1stt resistance level at 1.3229, a pullback resistance