Title
EURJPY H4 Bullish Bounce
Type
Bullish Bounce
Preference:
The current price is moving toward the pivot, swing low support at 161.442. Price could bounce off pivot and move to 1st resistance a pullback resistance at 162.903.
Alternative scenario:
The price may not rise above 161.722 which is the 61.8% fibo retracement level.
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
Source: Tickmill