Title

USDJPY H4 | Bearish Reversal 

Type

Bearish Reversal 

Preference:

The price is moving towards the pivot level of 144.15, which serves as a pullback resistance near the 50% Fibonacci retracement. A reversal at this level could cause the price to drop to the 1st  support at 142.10, an overlap support. Additionally, the price is below the bearish Ichimoku cloud.

Alternative Scenario:

 If the price breaks above the pivot, it may rise to the 1st  resistance level at 146.27, which acts as a swing high  resistance.