Type: Bullish BounceKey Levels:Resistance: 0.92Pivot: 0.85Support: 0.83Preferred Case:Prices are abiding by an ascending trendline and on bullish momentum. We see the potential for a bounce from our Pivot at 0.85 which is in line with 127.2% Fibonacci Projection towards our 1st resistance at 0.92 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 0.83 in line with 161.8% Fibonacci Projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/xrpusd-h4-or-potential-for-bounce"
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