GBPJPY H4 | Potential Bearish reversal?

TitleGBPJPY H4 | Potential Bearish reversal?TypeBearish ReversalPreference:Price has reacted off our pivot point at 186.3, which is aligned with a swing high resistance way back in December 2015. This could be a potential bearish reversal, and price could fall to our 1st support level at 185.25.Alternative scenario:If price breaks above the pivot, price could rise to the 1st resistance at 187.41, which is slightly above the 100% fibo projection.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.