USDJPY H4 | Bearish Drop
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