Title

GBPUSD H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price has just reacted off the pivot of 1.3216, an overlap resistance close to 78.6% Fibonacci Retracement.  A fall from this level could lead the price to drop to 1st support at 1.3148, a pullback support

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 182.78, a swing low support close to the 127.2% Fibonacci Extension