Bullish Bounce

Key Levels:
Resistance: 1734
Pivot: 1702
Support: 1687

Preferred Case:
With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1734 in line with the 127.2% Fibonacci extension from our pivot of 1702 in line with the horizontal pullback support and 23.6% Fibonacci retracement.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 1687 in line with the horizontal overlap support and 50% Fibonacci retracement .

No Major News