GBPJPY M15 | Bearish reversal

TitleGBPJPY M15 | Bearish reversalTypeBearish DropPreference:Price is currently at the pivot point of 188.06, an overlap resistance. A reversal from this point could lead the price to fall to 1st support at 187.36, a multi swing low supportAlternative scenario:If the price breaks above the pivot, it might rise to 1st resistance at 188.75To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.