EURJPY H4 | Bearish reaction off pivot?

Title
EURJPY H4 | Bearish reaction off pivot?

Type
Bearish Reversal

Preference:
Price could react to our pivot point at 161.52, which is a pullback resistance level. If price reacts bearishly, then we can expect price to fall to the 1st support at 160.67, which is an overlap support and at the 100% fibo projection.

Alternative scenario:
If price breaks above the pivot point, then price could rise towards the 1st resistance level at 162.25, which is above the 38.2% fibo retracement.

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Source: Tickmill

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EURJPY H4 | Bearish reaction off pivot?

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