Type: Bullish BounceKey Levels:Resistance: 113.967Pivot: 113.619Support: 113.435Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our Pivot at 113.619 in line with 50% Fibonacci retracement towards our 1st resistance at 113.967 in line with 127.2% Fibonacci extension and 61.8% Fibonacci extension.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 113.435 in line with 61.8% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bullish-bounce"
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