Title
EURJPY H4 | Rising into Pullback Resistance

Type
Bearish Reversal

Preference:
Price is rising towards the pivot point of 163.86 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 157.64 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.

Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 168.05 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level.

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