EURJPY H4 I Bullish Bounces
Title
EURJPY H4 I Bullish Bounces
Type
bullish bounce
Preference:
Price is falling toward the pivot of 161.64, a pullback support close to 50% Fibo retracement. A bounce from this level could lead the price to rise to 1st resistance at 163.91, a swing-high resistance.
Alternative Scenario:
If price breaks below the pivot, it could fall to 1st support at 159.67, a swing-low support