USDJPY H4 I Falling to overlap support? |

USDJPY H4 I Falling to overlap support?

Bearish Reversal

Price is rising toward our pivot point of 147.361, which serves as an overlap resistance level that aligns with 61.8% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 146.56, an overlap support level.

Alternative scenario:
However, if the price breaks above the pivot, it might rise to the 1st resistance at 147.936 which is above a swing-high resistance

There is a bearish divergence, indicating that the price might reverse soon

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