Title
EURJPY H4 | Bullish bounce off 61.8% fibo?

Type
Bullish Bounce

Preference:

Price is falling to our pivot point at 157.61, which is an overlap support, aligning with the 61.8% fibo retracement and 61.8% fibo projection. Price could rise towards the 1st resistance at 158.52, which is a swing high resistance.

Alternative scenario:
If price falls below the pivot point, then price could drop to the 1st support at 156.96, which is a swing low support level.

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