USDJPY H4 | Bullish Bounce
Title
USDJPY H4 | Bullish Bounce
Type
Bullish Bounce
Preference:
The price has recently bounced off the pivot level of 144.31. Which acts as a pullback support. A bounce from this pivot, it could rise to the 1st resistance level at 147.13, a swing high esistance near the 78.6% Fibonacci retracement. Additionally, the price has surpassed the descending trendline.
Alternative Scenario:
If the price reverses at this level, it might fall to the 1st support at 142.88, which is an overlap support.