Type: Bearish ReversalKey Levels:Resistance: 136.953Pivot: 135.917Support: 133.034Preferred Case:Prices are at a pivot. We see the potential for dip from our Pivot at 135.917 which is an area of Fibonacci confluences towards our 1st support at 133.034 which is in line with 38.2% Fibonacci retracement. Ichimoku is forecasting bearish dip.Alternative Scenario:Alternatively, prices may climb higher towards our 1st resistance at 136.953 which is a swing high.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eurjpy-h4-or-potential-for-dip"
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