Type: Bullish BounceKey Levels:Resistance: 82.98Pivot: 82.409Support: 82.181Preferred Case:Price is abiding to the ascending channel, signifying an overall bullish momentum. We can expect price to push further up from pivot level in line with 23.6% Fibonacci retracement towards 1st Resistance in line with 127.2% Fibonacci projection and 78.6% Fibonacci retracement. Our bullish bias is further supported by the MACD Indicator where the MACD line is above the signal line.Alternative Scenario:Alternatively, price can drop down to 1st Support in line with 38.2% Fibonacci retracement and graphical overlap support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audjpy-h4-or-bullish-continuation"
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