EURJPY H4 | Bearish reaction off pivot?

TitleEURJPY H4 | Bearish reaction off pivot?TypeBearish ReversalPreference:Price could react to our pivot point at 161.52, which is a pullback resistance level. If price reacts bearishly, then we can expect price to fall to the 1st support at 160.67, which is an overlap support and at the 100% fibo projection.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance level at 162.25, which is above the 38.2% fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.