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