TitleGBPJPY H4 | Bearish reversal off 78.6% fibo?TypeBearish ReversalPreference:Price could retest the pivot point at 182.32, which is a swing high resistance level, aligning with the 78.6% fibo projection. Price could fall to the 1st support level at 181.36, which is a swing low support level.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance level at 182.87, 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.
