Type: Bearish ReversalKey Levels:Resistance: 113.95Pivot: 113.587Support: 112.724Preferred Case:Prices are on bearish momentum and have approached a Pivot. We see potential for a sell entry at 113.587 in line with 100% Fibonacci retracement and 100% Fibonacci extension towards our Take Profit at 112.724 in line with 78.6% Fibonacci retracement.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 113.95 in line with 127.2% Fibonacci extension and 127.2% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-pullback-7thdec"
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