CADJPY H4 | Falling to pullback support

TitleCADJPY H4 | Falling to pullback supportTypeBullish BouncePreference:Price is falling towards the pivot point of 108.45 which is a pullback support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 109.093 which is a swing-high resistance level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 107.864 which is a pullback support that aligns close to the 61.8% Fibonacci retracement 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.