Type: Bearish DropKey Levels:Resistance: 115.468Pivot: 114.890Support: 114.529Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our Pivot at 114.890 in line with 161.8% Fibonacci extension and 161.8% FIbonacci retracement towards our 1st resistance at 115.468 in line with 200% Fibonacci projection and graphical swing high. Our bullish bias is further support by prices trading above ichimoku clouds and MA 18.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 114.529 in line with 23.6% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bullish-momentum28"
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