USDJPY H4 I React off resistance?
Title USDJPY H4 I React off resistance?Type Bearish ReversalPreference:Piece is rising towards to our pivot point of 141.297 which is a pullback resistance that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 139.114 which ...
TitleUSDJPY H4 I React off resistance?TypeBearish ReversalPreference:Piece is rising towards to our pivot point of 141.297 which is a pullback resistance that aligns with 50% Fibo retracement. A reverse from here, price could fall to 1st support at 139.114 which is an overlap support levelAlternative scenario:However, if price breaks above the pivot, it could rally to 1st resistance at 143.014 which is above the 61.8 Fibo retracement..To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
