Title
GBPJPY H4 | Bearish reversal from 38.2% Fibo

Type
Bearish Reversal

Preference:

Price is rising towards the pivot point of 181.417 and could potentially reverse from here; we could see momentum carry price down to its 1st support at 179.565

Alternative scenario:

If price breaks above the pivot point, it could hit the 1st resistance at 183.165

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