Type: Bullish BounceKey Levels:Resistance: 115.667Pivot: 115.163Support: 114.945Preferred Case:With price moving above the Ichimoku cloud, we are biased that price will rise from our pivot of 115.163 in line with the 61.8% Fibonacci retracement level and horizontal overlap support to our 1st resistance at 115.667 in line with the 161.8% Fibonacci extension level and horizontal swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 114.945 in line with the horizontal swing low support.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-i-bullish-continuation"
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