GBPUSD H4 I Bearish Drop
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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