Title
GBPJPY H4 | A bounce off support level

Type
Bullish Bounce

Preference:
Price has just bounced off our pivot point of 172.48 which is a pullback support level. A bounce from here, price could rally to 1st resistance at 173.816 which is a multi-swing high resistance 

Alternative scenario:
However, if price breaks below the pivot, it could fall to 1st support at 171.327 which is a multi-swing low support level.

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