Bullish Bounce

Key Levels:
Resistance: 0.87209
Pivot: 0.86178

Preferred Case:
On the H4, with prices moving above the ichimoku indicator and within an ascending channel, we have a bullish bias that price will drop and rise from our pivot at 0.86178 where the horizontal pullback support is to our 1st resistance at 0.87209 in line with the swing high resistance and 78.6% fibonacci projection.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 0.85128 where the horizontal swing low support and 78.6% fibonacci projection are.