Type: Bearish ReversalKey Levels:Resistance: 125.951Pivot: 125.68Support: 124.969Preferred Case:Prices are at a strong graphical resistance at our pivot at 125.68 in line with 61.8% Fibonacci extension. We see the potential for a dip from our Pivot towards our 1st support at 124.969 in line with 50% Fibonacci retracement. Divergence is spotted on RSI, further supporting out bearish bias.Alternative Scenario:Alternatively, prices may climb towards our 1st resistance at 125.951 in line with 78.6% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/chfjpy-h4-or-potential-for-pullback"
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