EURJPY H4 | Bearish drop

Title
EURJPY H4 | Bearish drop

Type
Bearish Drop

Preference:
The price is trading at pivot at 161.839, the swing-high resistance. Price could reverse from the pivot and fall to the 1st support at 160.166, the overlap support.

Alternative scenario:
Alternatively, price could break out of the pivot and rise to the 1st resistance at 162.822, the overlap resistance.

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

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EURJPY H4 | Bearish drop

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