Type: Bullish BounceKey Levels:Resistance: 1.26674Pivot: 1.26036Support: 1.25573Preferred Case:On the H4, with price moving above the ichimoku indicator and the RSI indicator moving in an uptrend momentum, we have a bullish bias that price will rise from our pivot at 1.26036 where the horizontal overlap support is to our 1st resistance at 1.26674 in line with the 61.8% Fibonacci retracement, 100% Fibonacci projection and swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.25573 where the horizontal overlap support and 23.6% Fibonacci retracement are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/gbpusd-h4-or-potential-bullish-continuation30"
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