USDJPY H4 | Reversal from 23.6% Fibo

TitleUSDJPY H4 | Reversal from 23.6% FiboTypeBullish BouncePreference:Price could fall towards the pivot point of 142.262 and potentially reverse from here; we could see momentum carry price up to its 1st resistance of 143.26.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 141.25. To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.