Title
GBPUSD M30 I Potential bearish reversal

Type
Bearish Reversal

Preference:
Price is rising toward the pivot point of 1.2663, an overlap resistance. A reversal from this level could lead the price to fall to 1st support level at 1.2633, which is considered a pullback support level that aligns with the 61.8% Fibbo retracement.

Alternative scenario:
 If the price breaks above the pivot, it could rise to 1st resistance at 1.2684, a swing-high resistance level

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.