TitleUSDJPY H4 | Yen to strengthen further?TypeBearish ReversalPreference:Price could rise towards the pivot point of 149.427 which is a pullback resistance and potentially reverse from here; we could see momentum carry price down to its 1st support at 148.406 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 150.177 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.
