GBPJPY H4 | Bearish reversal off 161.8% fibo?

TitleGBPJPY H4 | Bearish reversal off 161.8% fibo?TypeBearish ReversalPreference:Price is rising towards our pivot point at 183.76, which is a swing high resistance level, aligning with the 161.8% fibo extension. Price could reverse off from here, and fall to the 1st support at 182.87, which is a pullback support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 184.55, which is an overlap 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.