GBPJPY H4 | Rising to Fibo level

TitleGBPJPY H4 | Rising to Fibo levelTypeBullish BouncePreference:The price is on the pivot point at 188.538, the swing-high resistance, if it breaks the pivot point price might continue to rise to 1st resistance level at 190.154, which aligns with the 61.8% Fibonacci projection level.Alternative scenario:The price could reverse from the pivot point and fall to the 1st support at 187.355, the overlap 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.