USDJPY H4 | Bearish Reversal
Title
USDJPY H4 | Bearish Reversal
Type
Bearish Reversal
Preference:
price is rising toward the pivot of 142.18, a pullback resistance close to 50% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 140/72, a swing low support close to 161.8% Fibo extension
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 143.77, a swing high resistance level.