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.