Title
GBPUSD H4 | Falling to support level?
Type
Bearish Reversal
Preference:
Price is moving to our 1st support at 1.26175, the overlap support level from the pivot point at 1.27866, the swing high resistance.
Alternative scenario:
Price could break through pivot at 1.27866 and rise to 1st resistance at 1.28351, pullback resistance level.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.