Title
USDJPY H4 | Falling to support level?

Type
Bearish Reversal

Preference:
Price has just reacted off our pivot point of 149.729, which serves as a swing-high resistance level. A reversal from this point could lead the price to drop to the 1st support at 148.864, an overlap support level

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 150.629, which is above 161.8% Fibo extension  It’s worth noting that there is a bearish divergence

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