GBPUSD H4 | Potential bearish reversal

TitleGBPUSD H4 | Potential bearish reversalTypeBearish ReversalPreference:GBPUSD could reverse from the pivot at 1.2744, the pullback resistance and the price could fall to the 1st support, the overlap support at 1.26154, which aligns with the 61.8% Fibonacci retracement level.Alternative scenario:The price could breakout of the pullback resistance at 1.2744 and rise to the 1st resistance level at 1.27949, the swing-high resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.