GBPUSD M30 | Bullish Bounce
Title
GBPUSD M30 | Bullish Bounce
Type
Bullish Bounce
Preference:
Price is falling toward the pivot point of 1.2322, a pullback support, A bounce from this level could lead the price to rise to 1st resistance level at 1.239, an overlap resistance.
Alternative scenario:
If the price breaks below the pivot, it could fall to 1st support at 1.2282, aligns with the 127.2% Fibonacci extension
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