Bullish Bounce

Key Levels:
Resistance: 648'1
Pivot: 633'1
Support: 626'0

Preferred Case:
With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 648'1 in line with the horizontal pullback resistance and 61.8% Fibonacci projection from our pivot of 633'1 in line with the 38.2% Fibonacci retracement and horizontal swing low support.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 626'0 in line with the horizontal pullback support.

No Major News