GBPUSD M5 | Falling in the short term?

TitleGBPUSD M5 | Falling in the short term?TypeBearish ReversalPreference:Price is rising toward the pivot point at 1.27195 that aligns with the 50% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 1.2670, a pullback support level.Alternative scenario:If price breaks above the pivot, it might rise to 1st resistance at 1.2740, above the 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.