Title
GBPJPY H4 | Bearish reversal off pivot?

Type
Bearish Reversal

Preference:
Price is rising towards our pivot point at 182.92, which is a multi-swing high resistance level. If price rejects our pivot point, then price could fall to the 1st support at 181.09, which is a a pullback support and at the 38.2% fibo retracement.

Alternative scenario:
If price breaks above the pivot, then price could rise towards the 1st resistance at 184.20, which is an overlap resistance, aligning with the 127.2% fibo extension and 61.8% fibo projection.

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