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