Title

EURJPY H1 | Bullish Bounce

Type

Bullish Bounce

Preference:

price has just bounced off to the pivot of 155.81, a multi swing low  support. A bounce  from this level could lead the price to rise to 1st resistance at 156.51, a pullback resistance close to the 50% Fibonacci retracement

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 155.18, a swing low support level.