Title

GBPUSD H4 | Bullish Rise

Type

Bullish Rise

Preference:

price is falling to the pivot of 1.3102, a pullback support close to the 38.2% Fibo retracement. A reverse from this level could lead the price to rise  to 1st resistance at 1.3183, a pullback resistance close to 78.6% Fibonacci Retracement 

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 0.8453, a pullback support close to 78.6% FIbo retracement.