Type: Bullish BounceKey Levels:Resistance: 129.597Pivot: 128.851Support: 128.098Preferred Case:On the H4, with prices breaking above the ichimoku indicator and breakout from descending trendline, we have a bullish bias that price will rise from our pivot at 128.851 where the horizontal pullback support and 78.6% fibonacci projection are to our 1st resistance at 129.597 in line with the swing high resistance, 161.8% Fibonacci extension and 78.6% fibonacci projectionAlternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 128.098 where the horizontal overlap support is.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-bullish-continuation1"
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