Title
EURJPY H4 | Potential Bullish Bounce?

Type
Bullish Bounce

Preference:

Price is approaching our pivot point at 157.99, which is a pullback support level. We can expect price to bounce off the pivot point and head to the 1st resistance level at 159.21.

Alternative scenario:

If price breaks below the pivot point, then price would potentially fall to the 1st support at 157.48, which aligns with the 23.6% fibo retracement level.

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