Title
NZDJPY H4 | Potential bearish reversal
Type
Bearish Reversal
Preference:
Price has just reacted off our pivot point of 89.684 which is a multi swing high resistance. a reverse from here, price could fall to 1st support at 88.969 which is a pullback support level that aligns with 38.2% Fibo retracement.
Alternative scenario:
However, if price breaks above the pivot, it could rally to 1st resistance at 90.002
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Source: Tickmill
