GBPUSD H4 | Bounce off support

TitleGBPUSD H4 | Bounce off supportTypeBullish BouncePreference:Price is currently near our pivot point of 1.26762. We are expecting a bounce off the support level, which is the pivot point, for price to head towards our 1st resistance at 1.27685. The 1st resistance is also supported by our 50% retracement level. Alternative scenario:However, if price breaks below our pivot point, price would head downwards to our 1st support at 1.25381To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.