USDJPY H4 | Falling to 50% Fibo support

TitleUSDJPY H4 | Falling to 50% Fibo supportTypeBullish BouncePreference:Price is falling towards the pivot point of 149.423 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 149.99 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 148.921 which is a pullback support level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.