GBPUSD H4 | Reacting off Resistance level?

TitleGBPUSD H4 | Reacting off Resistance level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 1.27233, which serves as an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at 1.26179  , an overlap support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 1.27996, 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.