GBPUSD M15| Bearish Drop
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