AUDJPY H4 | Bullish Bounce!

31661 audjpy h4 bullish bounce

Type: Bullish BounceKey Levels:Resistance: 83.739Pivot: 82.121Support: 81.403Preferred Case:Prices are on bullish momentum. We see the potential for a bounce from our Pivot at 82.121 in line with 38.2% Fibonacci retracement towards our 1st resistance at 83.739 in line with 61.8% Fibonacci extension and 200% Fibonacci Projection. Prices are trading above our ichimoku cloud support further supporting our bullish bias.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 81.403 in line with 23.6% Fibonacci retracement.

Source: Tickmill

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