Type: Bullish BounceKey Levels:Resistance: 139.417Pivot: 137.751Support: 136.695Preferred Case:On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our 1st resistance at 139.417 where the 61.8% fibonacci projection and swing high resistance are from our pivot at 137.751 in line with pullback support.Alternative Scenario:Alternatively, prices could break pivot structure and drop to 1st support at 136.695 where the overlap support and 38.2% fibonacci retracement are.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-bullish-continuation20"
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