GBPJPY H4 | Bearish reversal from 38.2% Fibo

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TitleGBPJPY H4 | Bearish reversal from 38.2% FiboTypeBearish ReversalPreference:Price is rising towards the pivot point of 181.417 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 179.565Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 183.165To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.

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