GBPJPY H4 | Bullish bounce

Title
GBPJPY H4 | Bullish bounce

Type
Bullish Bounce

Preference:
The price could bounce off the pivot at 188.86, the overlap support and a bounce could lead the price to rise to the 1st resistance at 190.528, which is the 127% extension level.

Alternative scenario:
It might reverse and break out of the pivot and fall to the 1st support at 188.275, the overlap support.

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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GBPJPY H4 | Bullish bounce

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