Alternative scenario:
The price could pullback and reverse to the 1st support at 178.667, the swing-low support level.
Past performance is not indicative of future results.
Title
GBPJPY H4 | Bouncing off 23.6% Fibonacci Level
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منبع: https://www.tickmill.com/blog/gbpjpy-h4-bouncing-off-23-6-fibonacci-level-29th-december-2023
Preference:
GBPJPY is bouncing off the pivot at 179.821, the pullback support that also aligns with the 23.6% Fibonacci retracement level. The price could continue rising to the 1st resistance at 182.195, the swing-high resistance.
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Type
Bullish Bounce
