GBPUSD H4 | Bullish bounce

GBPUSD H4 | Bullish bounce

Bullish Bounce

GBPUSD has bounced off the pivot at 1.27194, a multi-swing low support, the price could continue rising to 1st resistance level at 1.2813, the swing-high resistance.

Alternative scenario:
The price could pullback and revert to the 1st support at 1.26903, the overlap support which aligns with the 61.8% Fibonacci retracement level.

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