GBPJPY H4 | Bearish reversal off 61.8% fibo?

TitleGBPJPY H4 | Bearish reversal off 61.8% fibo?TypeBearish ReversalPreference:Price could rise towards our pivot point at 183.85, which is a multi-swing high resistance level, aligning with the 61.8% fibo projection. If price rejects our pivot point, then price could fall to the 1st support level at 182.29, which is an overlap support and at the 61.8% fibo retracement.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 184.38, which is a multi-swing high resistance level and placed slightly above the 78.6% fibo projection.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.