Title

GBPJPY H4 I Bearish Reversal 

Type

Bearish Reversal 

Preference:

The price is rising toward the pivot level 191.04, a pullback resistance that aligns close to the 61.8% Fibonacci retracement. A reversal at this level could lead the price toward the 1st support at 186.05, an overlap support.

Alternative Scenario:

If price breaks above the pivot, it could rise toward the 1st resistance at 193.83, a pullback resistance that aligns close to the 78.6% Fibonacci retracement.