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News / Technical Analysis / GBPUSD H4 / Bearish Drop

GBPUSD H4 / Bearish Drop

Published: 08.07.2024 by Noirbull
Price is currently positioned at the pivot of 1.2808, identified as a pullback resistance. A decline from this level may drive the price down to the first support at 1.2732, which is an overlap support.

If the price surpasses the pivot, it could ascend towards the first resistance at 1.2860, marked as a swing high resistance.
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