Type: Bullish BounceKey Levels:Resistance: 115.456Pivot: 115.006Support: 114.702Preferred Case:Prices are on bullish momentum and consolidating in a bullish channel. We see the potential for further bullish continuation from our Pivot at 115.006 in line with 78.6% and 23.6% Fibonacci retracement towards our 1st resistance at 115.456 in line with 100% Fibonacci retracement, 200% Fibonacci Projection and 100% Fibonacci retracement. Ichimoku clouds are showing strong bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 114.702 which is a graphical swing low and also in line with parallel channel.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bullish-momentum3"
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