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USDJPY, H4 | Bullish Bounce!

29255 usdjpy h4 bullish bounce

Type: Bullish BounceKey Levels:Resistance: 116.327Pivot: 115.624Support: 115.332Preferred Case:Prices are on bullish momentum and abiding to our bullish channel. We see potential for a buy from our Pivot at 115.624 in line with 50% Fibonacci retracement and 23.6% Fibonacci retracement towards our 1st resistance at 116.327 in line with 127.2% Fibonacci extension. Ichimoku clouds are showing bullish momentum.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 115.332 in line with 78.6% Fibonacci retracement.

Source: Tickmill

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