Title
USDJPY H4 | React off resistance
Type
Bearish Reversal
Preference:
Price is approaching our pivot point of 138.714 which is a multi-swing high. A reverse from here, price could fall to 1st support at 137.66 which is an overlap support level.
Alternative scenario:
However, if price breaks above the pivot, it could drop to 1st resistance at 139.952 which is a swing high (day)
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Source: Tickmill