Bearish Drop

Key Levels:
Resistance: 141.125
Pivot: 138.300
Support: 135.900

Preferred Case:
On the H4, with icpre moving along the ascending trendline and above ichimoku cloud, we have a bullish bias the price may rise from the pivot at 138.300, where the 78.6% fibonacci projection is to 1st resistance at 141.125, which is in line with the 78.6% fibonacci retracement.

Alternative Scenario:
Alternatively, price could drop to the 1st support at 135.900, which is in line with 38.2% fibonacci retracement.

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