Title
USDJPY H4 I Reacting Against Resistance?
type
Bearish Reversal
Preference:
Piece is rising to our pivot point of 141.297, which is a pullback resistance that matches a 50% Fibo retracement. Reversing from here, price could fall to 1st support at 139.114, which is an overlapping support level.
Alternative scenario:
However, if price breaks above the pivot, it could rally to the 1st resistance at 143.014, which is above the 61.8 Fibo retracement.
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