Type: Bullish BounceResistance: 112.418Support: 110.384Pivot: 110.975Preference:Price has been consolidating in a upwards channel. We foresee a potential target at our pivot at 110.975 in line with 88% Fibonacci extension towards our 1st resistance placed at 112.418 in line with 161.8% Fibonacci extension and parallel channel.Alternative Scenario:Alternatively, price may dip towards our 1st support at 110.394 in line with 61.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-is-approaching-a-pivot-potential-for-bounce-or-29-sept-2021"
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