EURJPY H4 | Potential bullish breakout

Title
EURJPY H4 | Potential bullish breakout

Type
Bullish Breakout

Preference:
EURJPY is rising to the pivot point at 161.756, the overlap resistance, price could break above the pivot and rise towards the 1st resistance at 163.578, the swing-high resistance.

Alternative scenario:
Price might reverse to the 1st support at 160.231, the pullback support that aligns with 61.8% Fibonacci retracement.

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 | Potential bullish breakout

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