Type: Bullish RiseKey Levels:Resistance: 1.87588Pivot: 1.87013Support: 1.86572Preferred Case:Price is abiding to the ascending trendline support, signifying an overall bullish momentum. We can expect price to push up from pivot level in line with 61.8% Fibonacci retracement towards 1st Resistance in line with 61.8% Fibonacci projection.Alternative Scenario:Alternatively, price could push down 1st Support in line with 38.2% Fibonacci retracement and ascending trendline support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpaud-h4-or-bullish-continuation"
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