Title

EURJPY H4 | Bearish Reversal

Type

Bearish Reversal

Preference:

price is rising toward the pivot of 157.56, a pullback resistance close to 23.6% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 155.85, a swing low support.

Alternative Scenario:

If price breaks above the pivot, it could rise to 1st resistance at 158.71, an overlap resistance level close to 38.2% Fibo retrtacement.