On the H4, with price currently moving within the ichimoku cloud , we have a bias that price will drop to our support at 13133 in line with the 100% Fibonacci projection from our pivot at 14379 in line with the 78.6% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break pivot and head for 1st resistance at 14619 in line with the horizontal swing high resistance.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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