FX.co ★ GBPJPY, H4 | Could price bounce from here?

Price is testing a major support level at 161.80 which is an overlap support and also seeing support from an ascending trendline. There's a chance that it might bounce from here to the 165.80 level which is a recent swing high resistance.

In terms of stop loss, we're looking at 159.98 which is a pullback support.