USDJPY H4 | Downside confirmation?

TitleUSDJPY H4 | Downside confirmation?TypeBearish ReversalPreference:Price is currently at our pivot point at 148.5, which is a pullback resistance level. A reversal from this point could lead to a price drop to the 1st support at 147.753, a pullback support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 149.468 which also serves as a pullback resistance level."  Please take note: wait for downside confirmationTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.