Title
EURJPY H4 | Bullish reversal off 61.8% fibo?

Type
Bullish Bounce

Preference:
Price could fall to our pivot point at 157.07, which is a pullback support level, aligning with the 61.8% fibo retracement. If price bounces off the pivot point, then price could rise towards the 1st resistance at 157.91, which is an overlap resistance level, aligning with the 61.8% fibo retracement.

Alternative scenario:
If price breaks below the pivot point, then price could fall to the 1st support level at 156.60, which is a multi-swing low support, aligning with the 61.8% fibo projection.

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