Title

USDJPY H1 | Bearish Drop

Type

bearish drop

Preference:

Price is currently at the pivot of 146.64. A drop from this level could lead the price to fall to 1st support at 145.57, a pullback support close to 50% Fibo retracement.

Alternative Scenario:

If price breaks above the pivot. it could rise to 1st resistance at 147.23, above the swing high resistance