EURJPY H1 | Bullish Bounce
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.