EURJPY H4 | Bullish bounce off 61.8% fibo?

TitleEURJPY H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price is falling to our pivot point at 157.61, which is an overlap support, aligning with the 61.8% fibo retracement and 61.8% fibo projection. Price could rise towards the 1st resistance at 158.52, which is a swing high resistance.Alternative scenario:If price falls below the pivot point, then price could drop to the 1st support at 156.96, which is a swing low support 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.