Type: Bullish RiseKey Levels:Resistance: 13561.0 Pivot: 12892.5Support: 12522.25Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 12892.5 in line with the overlap support to the overlap resistance at 13561.0 within the area of the 78.6% fibonacci projection and 50% fibonacci retracement.Alternative Scenario:Alternatively, price may reverse off the pivot and head for the 1st support at 12522.25 in line with the overlap horizontal supportFundamentals:US employment and wages continue to rise, contributing to ongoing inflation rates, thus we have a weak to bullish view
Source: Tickmill