Type: Bearish BreakoutKey Levels:Resistance: 113.434Pivot: 112.678Support: 112.066Preferred Case:Prices are on a bullish momentum and abiding to our bullish trendline. We see potential for a bounce from our Pivot at 100% Fibonacci extension towards our 1st resistance at 113.434 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 112.066 in line with 127.2% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bullish-momentum"
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