GBPUSD H4 | Falling from a pullback resistance?

TitleGBPUSD H4 | Falling from a pullback resistance?TypeBearish ReversalPreference:Price is rising toward our pivot point of 1.26539 which serves as a pullback resistance level that aligns with 50% Fibo retracement. A  reversal from this point could lead the price to drop to the 1st support at 1.25705, a swing-low support level.Alternative scenario: However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.2746, which serves as 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.