GBPUSD H4 | Falling to support level?

TitleGBPUSD H4 | Falling to support level?TypeBearish ReversalPreference:Price is currently at our pivot of 1.2242 which is an overlap resistance level that aligns with the 61.8% Fibo retracement. A bounce from this point could lead the price to rise to the 1st resistance at 1.23009, a multi-swing high resistanceAlternative scenario:However, if the price breaks below the pivot, it might decline to the 1st support at 1,2527, below the 78.6% Fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.