CHFJPY H4 | Potential bearish reversal?

TitleCHFJPY H4 | Potential bearish reversal?TypeBearish ReversalPreference:Price could rise towards the pivot point of 165.722 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price down to its 1st support at 164.113 which is a multiple swing-low support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 166.589 which is a  multiple swing-high resistance 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.