GBPUSD H$ | Bouncing off support level?

TitleGBPUSD H$ | Bouncing off support level?TypeBullish BouncePreference:The price has just bounced off the pivot point at 1.2375, which is a multi-swing low support level. A bounce from this level could lead the price to rise toward the 1st resistance at 1.24059, which is an overlap resistance.Alternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 1.23225, a swing low support 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.