USDJPY H4 | React off resistance level?

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TitleUSDJPY H4 | React off resistance level?TypeBearish ReversalPreference:Price is approaching our pivot point of 138.879 which is an overlap support level that aligns with 23.6% Fibo retracement. A reverse from here, price could fall to 1st support level at 137.61 which is a swing low support level.Alternative scenario:However, if price breaks above the pivot, it could rally to 1st resistance at 140.331 which is a pullback resistance 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.

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