Type: Bearish ReversalKey Levels:Resistance: 1.25969Pivot: 1.25463Support: 1.2457Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that price will drop from our pivot at 1.25463 where the swing high resistance is to the 1st support at 1.2457 in line with the swing low support, 38.2% fibonacci retracement and 61.8% fibonacci retracement .Alternative Scenario:Alternatively, prices may break pivot structure and rise to 1st resistance at 1.25969 in line with swing high resistance and 78.6% fibonacci projection .
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpusd-h4-or-potential-for-bearish-continuation9"
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