USDJPY H4 | Reacting off the resistance level?

TitleUSDJPY H4 | Reacting off the resistance level?TypeBearish ReversalPreference:Price has just reacted off our pivot point of 147.734, which serves as a multi-swing high resistance level. A reversal from this point could lead the price to drop to the 1st support at 146.478, a pullback support level.Alternative scenario:However, if the price breaks above the pivot, it might rise to the 1st resistance at 149.375, which is above the 161.8 Fibo extension,There is a bearish divergence, indicating that the price might reverse soonTo discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.