AUDJPY H4 | Potential bearish breakout?

TitleAUDJPY H4 | Potential bearish breakout?TypeBearish BreakoutPreference:Price is falling towards the pivot point of 93.036 which is an overlap support and could potentially break through this level; we could see momentum carry price down to its 1st support at 92.297 which is a major swing-low support. Wait for downside confirmation to provide assurance for the bearish breakout.Alternative scenario:If price breaks reverses from the pivot point, it could hit the 1st resistance at 93.862 which is a pullback resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.