Title
EURJPY H4 | Bearish reversal off 61.8% projection?

Type
Bearish Reversal

Preference:
Price is reacting off our pivot point at 159.16, which is slightly below the 61.8% fibo projection. Price could potentially fall to the 1st support at 155.89, which is a multi-swing low support level.

Alternative scenario:
If price breaks above the pivot, then price could rise to the 1st resistance level at 160.07, which is placed slightly above the 127.2% fibo extension.

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