NZDJPY H4 | Potential bullish bounce?

TitleNZDJPY H4 | Potential bullish bounce?TypeBullish BouncePreference:Price is falling towards the pivot point of 86.185 which is a pullback support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 86.746 which is a pullback resistance.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 85.786 which is a swing-low support that aligns close to the 78.6% Fibonacci retracement 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