USDJPY H4 I Bearish Reversal
Title
USDJPY H4 I Bearish Reversal
Type
Bearish Reversal
Preference:
Price is rising toward the pivot of 148.41, a pullback resistance lines up with the 50% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 145.51, an overlap support.
Alternative scenario:
If price breaks above the pivot, it could rise to 1st resistance at 150.83, above 61.8% Fibo retracement.
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.