GBPJPY H4 | Bullish bounce off 78.6% fibo?

TitleGBPJPY H4 | Bullish bounce off 78.6% fibo?TypeBullish BouncePreference:Price could potentially fall to our pivot point at 185.13, which is a pullback support, 78.6% fibo projection, and 50% fibo retracement. If price bounces off from our pivot point, then we can expect price to rise towards the 1st resistance at 186.05, which is a swing high resistance, and 78.6% fibo retracement.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support at 184.04, which is a swing low support.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.