EURJPY H4 | Potential Bullish Bounce?

TitleEURJPY H4 | Potential Bullish Bounce?TypeBullish BouncePreference:Price is approaching our pivot point at 157.99, which is a pullback support level. We can expect price to bounce off the pivot point and head to the 1st resistance level at 159.21.Alternative scenario:If price breaks below the pivot point, then price would potentially fall to the 1st support at 157.48, which aligns with the 23.6% fibo retracement 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.