Type: Bearish DropKey Levels:Resistance: 153.268Pivot: 152.599Support: : 151.017Preferred Case:On the H4, with price moving below our Ichimoku cloud, we have a bearish bias that price will dip to the 1st support level of 151.017 in line with swing low support from our pivot of 152.599 in line with the 38.2% Fibonacci Alternative Scenario:Alternatively, price may break our pivot and head for 1st resistance at 153.268 in line with the 50% Fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpjpy-h4-i-potential-bearish-drop"
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