Type: Bullish BounceKey Levels:Resistance: 140.099Pivot: 136.722Support: 134.319Preferred Case:On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our pivot at 136.722 where the overlap support, 23.6% fibonacci retracement and 61.8% fibonacci projection are to our 1st resistance at 140.099 in line with the -61.8% fibonacci expansion.Alternative Scenario:Alternatively, price could break pivot and drop to 1st support at 134.319 in line with the swing low support and 61.8% fibonacci retracement.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-bullish-rise12"
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