Type: Bullish BounceKey Levels:Resistance: 131.888Pivot: 130.866Support: 130.432Preferred Case:On the H4, with price expected to bounce off the support of the stochastics, we have a bias that price will rise to our 1st resistance at 131.888 in line with the 78.6% Fibonacci retracement from our pivot of 130.866 in line with the horizontal swing low support and 78.6% Fibonacci retracement and 127.2% Fibonacci extension.Alternative Scenario:Alternatively, price may break pivot and head for 1st support at 130.432 in line with the 161.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/chfjpy-h1-i-potential-rise"
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