Type: Bullish BounceKey Levels:Resistance: 115.587Pivot: 115.11 Support: 114.941Preferred Case:Prices have reacted off our pivot at 115.11 in line with 78.6% Fibonacci extension and 50% Fibonacci retracement and have the potential to climb towards our 1st resistance at 115.587 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Our bullish bias is further supported by prices trading above our Ichimoku clouds and also RSI being on bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 114.941 in line with 100% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-bullish-bounce1"
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