Type:Bullish BouncePreference:Price is approaching our pivot at 110.833 in line with 127.2% Fibonacci extension and graphical overlap level. We can expect prices to climb higher to 1st resistance at 111.653 which is a graphical swing high and in line with 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price may dip towards our area of support at 110.437 with 161.8% and 127.2% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-is-approaching-a-pivot-potential-for-bounce-or-4-oct-2021"
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