GBPUSD H4 | Heading into resistance?

TitleGBPUSD H4 | Heading into resistance?TypeBearish ReversalPreference:Price is rising towards the pivot point of 1.2153 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1.2054 which is a swing-low support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 1.22126 which is a pullback resistance that aligns above the 61.8% Fibonacci retracement 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.