EURJPY H4 | Bullish Bounce
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