USDJPY H4 | Bearish reversal from 38.2% Fibo

TitleUSDJPY H4 | Bearish reversal from 38.2% FiboTypeBearish ReversalPreference:Price could rise towards the pivot point of 138.744 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 1737.242Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 140.179To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.