Title
AUDJPY H4 | Falling to pullback support

Type
Bullish Bounce

Preference:

Price is falling towards the pivot point of 93.289 which is a pullback support and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 94.146 which is a recent swing-high resistance.

Alternative scenario:

If price breaks below the pivot point, it could hit the 1st support at 93.012 which is a pullback support that sits below the 61.8% Fibonacci projection level.

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