Title
USDJPY H4 | Bearish reversal off pivot?

Type
Bearish Reversal

Preference:

Price is heading towards our pivot point at 143.93, which is an overlap resistance level. If price manages to create a double top, we can expect price to fall to our 1st support at 142.22, which is an overlap support level.

Alternative scenario:

If price breaks above the pivot point, then price would most likely continue its bullish momentum towards the 1st resistance at 144.91, which aligns with the 161.8% fibo extension and 61.8% fibo projection.

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