GBPUSD H4 I Bounce off Support level?
TitleGBPUSD H4 I Bounce off Support level?TypeBullish BouncePreference:Price has just bounced off our pivot of 1.26647 which is an overlap support level. A bounce off from here, price could push to 1st resistance at 1.27076 which is just before the 38.2% Fibo retracement.Alternative scenario:Howe if price breaks below the pivot, it could fall to 1st support at 1.26048 which is a multi swing low support levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
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