Type:Bullish BounceSupport: 110.459Resistance: 112.183Pivot: 110.997Preference:Price had been consolidating in a upward channel. We expect price to retest our pivot at 110.997 in line with 78.6% Fibonacci retracement and climb higher to our 1st resistance at 112.183 in line with 127.2% Fibonacci retracement, graphical swing higher and parallel channel.Alternative Scenario:Price might swing towards our 1st Support at 110.459 which is in line with graphical swing high.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-is-showing-potential-for-further-upside-or-28-sept-2021"
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