Title
GBPUSD M15 I Bearish drop

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 1.2435, a pullback resistance close to the 50% % Fibonacci retracement level. A reversal from this level could lead the price to fall to 1st support level at 1.2392, which is considered a multi-swing low support level.

Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 1.2464 , an overlap  resistance level

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