Title
GBPUSD H4 | Potential bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 1.2594, a pullback resistance close to the 38.2% Fibonacci retracement level. A reversal from this level could lead the price to fall to 1st support level at 1.2521, a swing-low support level.

Alternative scenario:
 If the price breaks above the pivot, it could rise to 1st resistance at 1.2669, a pullback resistance level

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