GBPUSD H4 | Bullish Rise
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.