GBPUSD H4 | Potential react off 50% Fibo?

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TitleGBPUSD H4 | Potential react off 50% Fibo?TypeBearish ReversalPreference:Price is approaching our pivot point of 1.29757 that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 1.28721 which is an overlap support.Alternative scenario:However, if price breaks above the pivot, it could push to 1st resistance at 1.31093 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.

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