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GBPUSD, H4 I Potential Rise

31574 gbpusd h4 i potential rise

Type: Bullish BounceKey Levels:Resistance: 1.3634Pivot: 1.35222Support: 1.34537Preferred Case:With price moving above the Ichimoku cloud, we have a bias that price will continue with its bullish momentum up from our pivot at 1.35222 in line with the 23.6% Fibonacci retracement and horizontal overlap support to 1st resistance at 1.3634 where the horizontal swing high resistance is.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1.34537 in line with the 61.8% Fibonacci retracement and horizontal overlap support.

Source: Tickmill

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