Type:
Bearish Reversal

Key Levels:
Resistance: 1.2606
Pivot: 1.2547
Support: 1.24574

Preferred Case:
With price moving below the Ichimoku cloud, we have a bearish bias that price will drop from our pivot at 1.2547 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement to 1st support at 1.24574, which is in line with horizontal overlap support and 100% Fibonacci projection level.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st resistance at 1.2606, which coincides with horizontal overlap resistance and 61.8% Fibonacci retracement.