Title
USDJPY H4 | Yen to strengthen further?

Type
Bearish Reversal

Preference:

Price could rise towards the pivot point of 149.427 which is a pullback resistance and potentially reverse from here; we could see momentum carry price down to its 1st support at 148.406 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level.

Alternative scenario:
If price breaks above the pivot point, it could hit the 1st resistance at 150.177 which is a swing-high resistance level.

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