Title

USDJPY H4  | Bearish Drop

Type

Bearish Drop

Preference:

price has just reacted off the pivot of 143.75, an overlap resistance. A fall from this level could lead the price to drop to 1st support at 142.47, a pullback support close to 78.6% Fibonacci retracement. 

 Alternative Scenario:

If price breaks above  the pivot, it could rise to 1st resistance at 144.46, an overlap resistance