On the H4, with price moving in an ascending trendline and bouncing off the ichimoku cloud, we have a bullish bias that price wil rise from the pivot at 1702.4 at the overlap support in line with the 61.8% fibonacci retracement and 78.6% fibonacci projection to the resistance at the swing high at 1791.8 in line with the 50% fibonacci retracement. Alternatively, price may break support structure at the pivot and drop to the support at 1642.8 at the swing low in line with the 61.8% fibonacci projection.
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