USDJPY H4 | Bearish reversal
Title
USDJPY H4 | Bearish reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot point of 146.50, a pullback resistance. A reverse from this level could lead the price to fall to 1st support level at 142.10, which is considered a swing low support level.
Alternative scenario:
If the price breaks above the pivot, it could rise to 1st resistance at 150.64, an overlap resistance level
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.