Title
GBPUSD H4 I Bearish Drop

Type
Bearish Drop

Preference:
Price is currently at the pivot of 1.2851, a pullback resistance. A fall from this level could lead the price to fall to 1st support at 1.2778, an overlap support close to 61.8% Fibo retracement.

Alternative scenario:
If price bounces the pivot, it could rise to 1st resistance at 1.2899. a pullback resistance

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