Title
GBPJPY H4 | Bouncing off 23.6% Fibonacci Level

Type
Bullish Bounce

Preference:
GBPJPY is bouncing off the pivot at 179.821, the pullback support that also aligns with the 23.6% Fibonacci retracement level. The price could continue rising to the 1st resistance at 182.195, the swing-high resistance.

Alternative scenario:
The price could pullback and reverse to the 1st support at 178.667, the swing-low support level.

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