Title
USDJPY H4 | Potential reversal from 50% Fibo

Type
Bearish Reversal

Preference:
Price has just reversed from our pivot pint at 133.819 which is an overlap resistance along with a 50% Fibonacci retracement.  A reverse from here it could drop to 1st support at 132.046 which is a swing low support level

Alternative scenario:
However, if it breaks above, it could push up to 1st resistance at 135.152 which is a swing high resistance

To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.