Title

GBPUSD M15| Bearish Drop

Type

Bearish Drop

Preference:

price has just reacted off the pivot of 1.3409, an overlap resistance. A fall from this level could lead the price to drop to 1st support at 1.3367,  an overlap support close to 61.8  Fibonacci retracement. 

 

Alternative Scenario:

If price breaks above  the pivot, it could rise to 1st resistance at 1.3429, a swing high resistance