Title

USDJPY H4  | Bearish Reversal

Type

Bearish Reversal

Preference:

The price is falling from the pivot level of 144.40, which acts as a pullback support close to the 50% Fibonacci retracement. A bounce from this level might cause the price to rise to the 1st resistance level at 149.32 a swing-high resistance close to the 161.8% Fibonacci extension

Alternative Scenario:

If the price breaks below the pivot, it may rise to the 1st support level at 141.73, which acts as a swing low support level.