Title

GBPUSD  H4 | Bullish Reversal

Type

Bullish Reversal

Preference:

price is currently at the pivot of 1.3065, a pullback resistance.  A fall  from this level could lead the price to fall to 1st support at 1.2942, a pullback support close to the 61.80% Fibonacci rettracement.

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 1.3151, an overlap resistance level.