TitleGBPJPY H4 | Bearish reaction off 61.8% fibo?TypeBearish ReversalPreference:Price is currently in a short-term bullish momentum, we can expect price to rise to our pivot point at 185.41, which is a pullback resistance level and at the 61.8% fibo retracement. Price could react bearishly at the pivot point, and fall to the 1st support at 184.20, which is a swing low support.Alternative scenario:If price breaks above the pivot point, then price could rise towards the 1st resistance at 186.64, which is a swing high resistance.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
