USDJPY H4 I Bearish Reversal
Title
USDJPY H4 I Bearish Reversal
Type
Bearish Reversal
Preference:
price is currently at the pivot of 149.34, an overlap resistance close to the 161.8% Fibo extension and 61.80& Fibo retracement. A fall from this level could lead the price to fall to 1st support at 147.19, a pullback support
Alternative Scenario:
If price breaks above the pivot, it could rise to 1st resistance at 151.91, a pullback resistance close to the 78.6% Fibonacci retracement