USDJPY H4 | Falling to 50% Fibo support |

Alternative scenario:
If price breaks below the pivot point, it could hit the 1st support at 148.921 which is a pullback support level.

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منبع: https://www.tickmill.com/blog/usdjpy-h4-falling-to-50-fibo-support-30th-october-2023

Past performance is not indicative of future results.

Preference:

Type
Bullish Bounce

Title
USDJPY H4 | Falling to 50% Fibo support

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Price is falling towards the pivot point of 149.423 which is an overlap support that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 149.99 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.

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