Type: Bullish BounceKey Levels:Resistance: 1.77547 Pivot: 1.74474Support: 1.7337Preferred Case:Prices are at a Pivot. We see the potential for a bounce from our Pivot at 1.74474 in line which is an area of Fibonacci confluences towards our 1st resistance at 1.77547 in line with 50% Fibonacci retracement. RSI is portraying bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 1.7337 in line with 127.2% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpaud-h4-potential-for-bounce"
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