GBPUSD H4 | Bearish Continuation Expected?

TitleGBPUSD H4 | Bearish Continuation Expected?TypeBearish ReversalPreference:The price is rising toward our pivot point of 1.22123 – 1.2204 which serves as a pullback resistance level aligning with the 38.2% Fibonacci. A reversal from this point could lead to a price drop to the 1st support at 1.21218, a multi-swing low support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.22896, which is a swing-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.