USDJPY M15 | Bullish bounce

TitleUSDJPY M15 | Bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot point of 145.92 which is an overlap support level. A bounce from this level it could lead price to rise to 1st resistance at 146.94 that aligns with the 127.2% Fibo extension.Alternative scenario:If price breaks below the pivot, it might fall to 1st support level at 145.33, an overlap support 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.