EURJPY H4 | Bullish reversal off 61.8% fibo?

TitleEURJPY H4 | Bullish reversal off 61.8% fibo?TypeBullish BouncePreference:Price could fall to our pivot point at 157.07, which is a pullback support level, aligning with the 61.8% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 157.91, which is an overlap resistance level, aligning with the 61.8% fibo retracement.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support level at 156.60, which is a multi-swing low support, aligning with the 61.8% fibo projection.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.