Type: Bullish BounceKey Levels:Resistance: 129.624Pivot: 128.984Support: 128.070Preferred Case:On the H4, with the ACD moving in a bullish momentum, we have a bullish bias that price will rise from our pivot at 128.984 where the 38.2% Fibonacci retracement and horizontal overlap support is to our 1st resistance at 129.624 in line with the horizontal swing high resistance.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 128.070 where the horizontal swing low support is.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-bullish-continuation"
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