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EURJPY H4 | Breaking the support level?

Forex

TitleEURJPY H4 | Breaking the support level?TypeBearish breakoutPreference:EURJPY could continue with the downtrend and break the pivot at 156.201, the pullback support, the price could then fall to the 1st support level at 153.874, the multi-swing-low support.Alternative scenario:The price could rise to the 1st resistance at 158.509, the swing-hig

GBPUSD Day | Bullish bounce

Forex

TitleGBPUSD Day | Bullish bounceTypeBullish BouncePreference:GBPUSD has bounced off the pivot at 1.27669, a pullback support, and is rising to the 1st resistance at 1.29933, the swing-high resistance.Alternative scenario:The price could pullback and reverse to the 1st support at 1.26335, the swing-low support.To discuss this trading idea, head over

USDJPY H4 | Bearish breakout

Forex

TitleUSDJPY H4 | Bearish breakoutTypeBearish DropPreference:USDJPY is breaking out of the pivot at 141.132, the swing-low support, and is falling to the 1st support at 138.662, also a swing-low support.Alternative scenario:The price could bounce off the swing-low support at 141.168, and rise to the 1st resistance level at 142.848, the pullback resi

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