GBPJPY H1 | Bullish Bounce
Title
GBPJPY H1 | Bullish Bounce
Type
Bullish Bounce
Preference:
price is currently at the pivot of 184.54, a multi-swing high resistance. A bounce from this level could lead the price to rise to 1st resistance at 186.68, an overlap resistance
Alternative Scenario:
If price breaks below the pivot, it could fall to 1st support at 182.78, a swing low support close to the 127.2% Fibonacci Extension