USDJPY D1 I Bullish Reversal
Title
USDJPY D1 I Bullish Reversal
Type
Bullish Reversal
Preference:
The price is falling toward the pivot level of 147.03, which acts as a pullback support. A reversal at this level could cause the price to rise to the 1st resistance at 152.93, a pullback resistance close to 61.8% Fibo retracement.
Alternative Scenario:
If the price breaks below the pivot, it may drop to the 1st support level at 147.73, an overlap support level