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.

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Source: Tickmill

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GBPJPY H4 | Bullish bounce

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