GBPUSD H1 | Falling to support level?


Title
GBPUSD H1 | Falling to support level?

Type
Bearish Drop

Preference:
Price has just reacted off the  pivot point of 1.2789,  an overlap resistance level. A reversal from this point could lead the price to drop to the 1st support at  1.2729, an overlap support level.

Alternative scenario:
If the price breaks above the pivot, it could  rise to the 1st resistance at 1.1.2853, which also serves as an overlapping resistance level.

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