Bearish Reversal

Key Levels:
Resistance: 125.408
Pivot: 125.036
Support: 124.14

Preferred Case:
Prices are on bearish momentum and we see the potential for a dip from our Pivot at 125.036 in line with 50% Fibonacci retracement towards our 1st support at 124.14 in line with 100% Fibonacci retracement and 61.8% Fibonacci extension. Prices are trading below our ichimoku clouds further supporting our bearish bias.

Alternative Scenario:
Alternatively, prices may climb towards our 1st resistance at 125.408 in line with 61.8% Fibonacci extension.