GBP/USD H4 I Bounce off overlap support?

TitleGBP/USD H4 I Bounce off overlap support?TypeBullish BouncePreference:If price breaks below the support we wait at our pivot point of 1.2438, which serves as a pullback resistance level. A reverse from this point could lead the price to drop to the 1st support at 1.2300, a pullback support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2558, a multi-swin 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.