GBPUSD Day | Reacting off resistance?

TitleGBPUSD Day | Reacting off resistance?TypeBearish ReversalPreference:The price is rising toward the pivot point at 1.23125, which is a pullback resistance level.  A reversal from this point could lead the price to drop to the 1st support at 1.21108, an overlap supportAlternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.24459, which serves as a pullback  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.