GBPJPY H4 | Bullish bounce off 23.6% fibo?

TitleGBPJPY H4 | Bullish bounce off 23.6% fibo?TypeBullish BouncePreference:Price is hovering at our pivot point at 183.59, which is a pullback support level, aligning with the 23.6% fibo retracement. Price could bounce off the pivot point and rise towards the 1st resistance at 184.26, which is a swing high resistance level.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support level at 182.89, which is a pullback support level, aligning with the 38.2% 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.