Type: Bullish BounceKey Levels:Resistance: 115.143Pivot: 114.638Support: 114.638Preferred Case:Prices are on bullish momentum and abiding to our ascending trendline support. We see the potential for a bounce from our Pivot at 114.638 in line with 100% Fibonacci extension towards our 1st resistance at 115.143 in line with 38.2% Fibonacci retracement. Ichimoku is forecasting the bullish move.Alternative Scenario:Alternatively, prices may break our pivot at 114.638 in line with 61.8% Fibonacci extension towards our 1st support at 114.388.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-bullish-bounce7"
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