Title
USDJPY H4 | Downside confirmation?

Type
Bearish Reversal

Preference:

Price is currently at our pivot point at 148.5, which is a pullback resistance level. A reversal from this point could lead to a price drop to the 1st support at 147.753, a pullback support level.

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 149.468 which also serves as a pullback resistance level.”  Please take note: wait for downside confirmation

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