USDJPY H4 I React off resistance? |


USDJPY H4 I Reacting Against Resistance?

Bearish Reversal


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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