EURJPY H4 | Potential bearish breakout

TitleEURJPY H4 | Potential bearish breakoutTypeBearish BreakoutPreference:Price could break out of the pivot at 156.481, overlap support, and fall to the 1st support level at 155.606, a pullback resistance, which also aligns with the 61.8% Fibonacci retracement.Alternative scenario:Price could potentially bounce off the overlap support at 156.481 and rise to the 1st resistance level at 158.178, the 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.