Is GBPJPY bouncing off pivot line?

TitleIs GBPJPY bouncing off pivot line?TypeBullish BouncePreference:After pulling back from the first resistance, the current price is moving toward the pivot point. Price may bounce off the pivot and move to the first resistance level. Alternative scenario:The current price will break through the pivot point and move down to the first support line.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.