USDJPY H4 | Rising into resistance

TitleUSDJPY H4 | Rising into resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 149.427 which is a pullback resistance level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 148.162 which is a pullback support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 150.168 which is a swing-high 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.