Bearish Reversal

Key Levels:
Resistance: 114.911
Pivot: 114.449
Support: 113.406

Preferred Case:
Prices have broken out of our daily ascending trendline and is on bearish momentum . We see the potential from our Pivot at 114.449 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st support at 113.406 which is an area of Fibonacci confluences. Prices are trading below Ichimoku clouds and RSI are also showing bearish momentum.

Alternative Scenario:
Alternatively, prices may climb towards our 1st resistance at 114.911 in line with 50% Fibonacci retracement.