EURJPY H4 | Bearish reversal off 61.8% projection?

TitleEURJPY H4 | Bearish reversal off 61.8% projection?TypeBearish ReversalPreference:Price is reacting off our pivot point at 159.16, which is slightly below the 61.8% fibo projection. Price could potentially fall to the 1st support at 155.89, which is a multi-swing low support level.Alternative scenario:If price breaks above the pivot, then price could rise to the 1st resistance level at 160.07, which is placed slightly above the 127.2% fibo extension.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.