Type: Bearish ReversalKey Levels:Resistance: 1.24944Pivot: 1.23917Support: 1.22658Preferred Case:On the H4, with price reversing off the Ichimoku indicator, we have a bearish bias that prices will drop to our 1st support at 1.22658 where our horizontal pullback support, 100% Fibonacci projection and 61.8% Fibonacci retracement is at from our pivot at 1.23917 in line with the horizontal overlap resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for the 1st resistance at 1.24944 in line with the horizontal swing high resistance
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpusd-h4-or-potential-bearish-continuation"
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