Type: Bullish BounceKey Levels:Resistance: 85.779Pivot: 94.934 Support: 84.559Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our Pivot at 94.934 in line with 61.8% Fibonacci extension and 127.2% Fibonacci extension towards our 1st resistance at 85.779 in line with 161.8% Fibonacci Projection.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 84.559 in line with 100% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/audjpy-h4-or-bullish-bounce7"
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