Type: Bearish ReversalKey Levels:Resistance: 114.279Pivot: 113.753Support: 113.054Preferred Case:Prices are on bearish momentum. We see potential for a dip from the Pivot at 113.753 in line with 38.2% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st support at 113.054 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension.Alternative Scenario:Alternatively, prices may climb higher towards our 1st resistance at 114.279 in line with 200% Fibonacci projection and 61.8% Fibonacci Retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bearish-momentum-1stdec"
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