USDJPY H4 | Reversal off -27.2%

TitleUSDJPY H4 | Reversal off -27.2%TypeBearish ReversalPreference:Price is currently in an overall bullish momentum, and heading towards our pivot point of 145.505. We are expecting a reversal at our pivot point, which is also at the -27.2% fibonacci expansion, and head downwards to our 1st support at 132.073, 38.2% fibonacci retracement.Alternative scenario:However, if price breaks above our pivot point, we can expect price to head towards the 1st resistance at 148.536.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.