Title
EURJPY M15 I Bullish Bounce
Type
Bullish Rise
Preference:
Price has just bounced off the pivot point of 159.177, which is an overlap support level, A bounce from this point could lead the price to rise to 1st resistance at 160.05 , a swing high high resistance
Alternative scenario:
If price break below the pivot, it might fall to 1st support at 158.35, an overlap support level.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.