Type: Bullish BounceKey Levels:Resistance: 125.395Pivot: 124.249Support: 124.046Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce form our Pivot at 124.249 in line with 78.6% Fibonacci retracement towards our 1st resistance at 125.395 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. prices are trading above our Ichimoku cloud support, further supporting our bullish bias.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 124.046 in line with 100% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/chfjpy-h4-or-bullish-bounce"
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