GBPUSD H4 | Reacting off 1st resistance?

TitleGBPUSD H4 | Reacting off 1st resistance?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.26525 , which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.24576, a multi-swing low support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.25869, which serves as an overlap resistance levelTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.