GBPJPY H4 | Bullish reversal off 100% fibo?

TitleGBPJPY H4 | Bullish reversal off 100% fibo?TypeBullish BouncePreference:Price is falling towards our pivot point at 181.13, which is an overlap support, aligning with the 100% fibo projection and 50% fibo retracement, which shows that there is fibo confluence here. Price could potentially bounce off our pivot point and rise towards the 1st resistance at 182.72, which is a multi-swing high resistance level.Alternative scenario:If price falls below the pivot point, then price could fall to the 1st support at 180.25, which is at the 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.