Type: Bearish ReversalKey Levels:Resistance: 117.388Pivot: 116.359Support: 117.388Preferred Case:Prices are at our Pivot at 116.359 which is an area of Fibonacci confluences, we see the potential for a dip towards our 1st support at 115.383 in line with 23.6% Fibonacci retracement. RSI are at levels where dips previous occurred.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 117.388 in line with 161.8% Fibonacci Projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bearish-dip"
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