GBPUSD H4 | Bullish Reversal
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.