Title

EURJPY  H4 | Bullish Bounce 

Type

Bullish Bounce 

Preference:

Price is falling toward the pivot of 157.99, an overlap resistance. A bounce  from this level cold the price to rise to 1st resistance  at 159.06, a resistance  close to 127.2  Fibo extension

Alternative Scenario:

If price breaks below the pivot, it could fall to 1st support at 157.40, a swing low support level