GBPJPY H4 | Bullish bounce off 61.8% fibo?

TitleGBPJPY H4 | Bullish bounce off 61.8% fibo?TypeBullish BouncePreference:Price has reacted off our pivot point at 185.32, which is an overlap support level and at the 61.8% fibo retracement level. We can expect price to rise towards our 1st resistance at 186.70, which is a swing high resistance level.Alternative scenario:If price breaks below the pivot, then price could fall to the 1st support level at 184.58, which is a pullback support 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.