GBPJPY H4 | Bullish Bounce
Title
GBPJPY H4 | Bullish Bounce
Type
Bullish Bounce
Preference:
price has just bounced off to the pivot of 192.111, an overlap support. A bounce from this level could lead the price to rise to 1st resistance at 195.90 a pullback resistance close to the 127.2%Fibonacci Extension
Alternative Scenario:
If price breaks below the pivot, it could fall to 1st support at 189.85 a pullback support level.