Bullish Breakout

Key Levels:
Resistance: 1.38109
Pivot: 1.37016

Preferred Case:
On the H4, with prices moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise from our pivot at 1.37016 where the horizontal swing high resistance and 78.6% fibonacci retracement are to our 1st resistance at 1.38109 in line with the 100% fibonacci projection, 78.6% fibonacci projection and swing high resistance.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 1.35992 where the horizontal overlap support and 61.8% fibonacci projection are.