GBPUSD H4 I Bearish Breakout
Title
GBPUSD H4 I Bearish Breakout
Type
bearish breakout
Preference:
Price is falling toward the pivot of 1.3106. A break below the pivot, it could lead the price to fall to 1st support at 1.3033, a pullback support close to 38.2% Fibo retracement.
Alternative Scenario:
If price bounces the pivot, it could rise to 1st resistance at 1.3176, a pullback resistance