EURJPY H4 | Bearish Reversal
Title
EURJPY H4 | Bearish Reversal
Type
bullish breakout
Preference:
Price is rising toward the pivot of 161.20, a pullback resistance close to 38.2% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 159.40, an overlap support close to 127.2% Fibo extension.
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 162.70, a multi-swing high resistance