Type: Bullish BounceKey Levels:Resistance: 114.157Pivot: 113.566Support: 113.251Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see potential for a bounce from our Pivot at 113.566 in line with 61.8% and 100% Fibonacci confluences towards our 1st resistance at 114.157 in line with 127.2% Fibonacci extension.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 113.251 in line with 61.8% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-bounce-17thdec"
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