Type: Bullish BounceKey Levels:Resistance: 1.1344Pivot: 1.13197Support: 1.13029Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our Pivot at 1.13197 in line with 50% Fibonacci retracement towards our 1st resistance at 1.1344 in line with 78.6% and 100% Fibonacci retracement. Ichimoku clouds are also depicting strong bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1.13029 in line with 78.6% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cadjpy-h4-or-bullish-momentum"
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