GBPUSD H4 | Reacting off resistance?

TitleGBPUSD H4 | Reacting off resistance?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.2263 which serves as a pullback resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.2175, a pullback support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2336 which serves as a swing high resistance levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.