GBPUSD H4 | Bearish Reversal
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