USDJPY H4 | Bullish bounce

TitleUSDJPY H4 | Bullish bounceTypeBullish BouncePreference:The price has bounced off the pivot at 141.776, the 78.6% Fibonacci retracement level. It is rising to the 1st resistance at 144.541, the swing-high resistance.Alternative scenario:Price could pull back from the pivot at 141.776  and reverse to the 1st support at 140.965, the swing-low support.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.