GBPJPY H4 | Bouncing off 23.6% Fibonacci Level

TitleGBPJPY H4 | Bouncing off 23.6% Fibonacci LevelTypeBullish BouncePreference:GBPJPY is bouncing off the pivot at 179.821, the pullback support that also aligns with the 23.6% Fibonacci retracement level. The price could continue rising to the 1st resistance at 182.195, the swing-high resistance.Alternative scenario:The price could pullback and reverse to the 1st support at 178.667, the swing-low 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.