Title
GBPUSD H4 | Bullish Bounce

Type
Bullish Bounce

Preference:
Price is rising toward the pivot of 1.2809. a pullback support. A bounce from this level could lead the price to rise to 1st resistance at 1.2906, an overlap resistance close to 61.8% Fibo retracement.

Alternative scenario:
If price breaks below the pivot, it could fall to 1st support at 1.2720, an overlap support

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