GBPUSD H4 | Potential bounce off support level

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TitleGBPUSD H4 | Potential bounce off support levelTypeBullish BouncePreference:Price is falling toward our pivot point of 1.25925 which is an overlap support level that aligns with a 50% Fibo retracement. A reverse from here, price could push up to 1st resistance level at 1.27071Alternative scenario:However, if price breaks above the pivot. it could fall to 1st support at 1.24835 which  is an overlap 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.

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