Title
GBPUSD H4 | Bullish reversal

Type
Bullish Bounce

Preference:
Price is falling toward the pivot point of 1.2701, a pullback support close to 78.6% Fibo retracement. A bounce from this level could lead the price to rise to 1st resistance level at 12780, a pullback  resistance

Alternative scenario:
If the price breaks below the pivot, it could fall  to 1st support at 1.2614, a multi-swing low support  level

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