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CADJPY, H4 | Potential For A Drop

34068 cadjpy h4 potential for a drop

Type: Bullish RiseKey Levels:Resistance: 91.707Pivot: 90.948Support: 90.113Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 91.707 in line with the horizontal swing high resistance from our pivot of 90.948 in line with the 50% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 90.113 in line with the horizontal swing low support and 200% Fibonacci projection.

Source: Tickmill

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