TitleGBPJPY H4 | Bullish bounce off pivot?TypeBullish BouncePreference:Price is falling to our pivot point at 180.61, which is a multi-swing low support level. If price rejects and bounces off the pivot point, then price could potentially rise towards the 1st resistance at 181.88, which is a pullback resistance level.Alternative scenario:If price breaks below the pivot point, then price could fall to the 1st support level at 179.46, which is a pullback support level, aligning with the 161.8% fibo extension.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
