Title
GBPJPY H4 | Bearish Breakout

Type
Bearish Breakout

Preference:
The price is falling toward the pivot point of 191.05. A breakout from this level could lead the price to fall to 1st support level at 189.58, overlap support that is close to 161.8% Fibo extension

Alternative scenario:
 If the price bounces off the pivot, it could rise to 1st resistance at 191.84 which is close to 50% Fibo retracement.

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