USDJPY H4 | Bearish continuation off 23.6% fibo?

TitleUSDJPY H4 | Bearish continuation off 23.6% fibo?TypeBearish ReversalPreference:Price could rise up towards our pivot point at 148.15, which is a pullback resistance level, aligning with the 23.6% fibo retracement. We can expect price to reject this pivot point, and fall towards our 1st support at 147.33, which is a multi-swing low support level.Alternative scenario: If price breaks above the pivot point, then price could rise towards the 1st resistance at 148.93, whjich is a pullback resistance level as well, slightly above the 38.2% fibo retracement.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.