Bullish Rise

Key Levels:
Resistance: 144.475
Pivot: 141.150
Support: 138.225

Preferred Case:
On the H4, with price moving above the ichimoku indicator and along the ascending trendline , we have a bullish bias that price will rise to the pivot at 141.150 where the pullback resistance and 78.6% fibonacci retracement are. Once there is upside confirmation that price has broken the pivot structure, we would expect bullish momentum to carry price to 1st resistance at 144.475 in line with swing high resistance.

Alternative Scenario:
Alternatively, price could drop to 1st support at 138.225 where the pullback support and 23.6% fibonacci retracement are.

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