Title
GBPJPY H4 | Bearish reversal off 78.6% fibo?

Type
Bearish Reversal

Preference:

Price could retest the pivot point at 182.32, which is a swing high resistance level, aligning with the 78.6% fibo projection. Price could fall to the 1st support level at 181.36, which is a swing low support level.

Alternative scenario:
If price breaks above the pivot point, then price could rise towards the 1st resistance level at 182.87, which is a swing high resistance level.

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