Title
USDJPY H4 | React off 1st resistance

Type
Bearish Reversal

Preference:

Price has just reacted off our pivot of 137.763 which is a multi-swing high resistance. A reverse from here, price could fall to 1st support at 136.265 which is an overlap support that aligns with a 38.2% Fibonacci retracement.

Alternative scenario:
However, if price breaks above the pivot, it could rally to 1st resistance at 139.247 which is a multi-swing high resistance in daily timeframe

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