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