Bullish Bounce

Key Levels:
Resistance: 129.624
Pivot: 128.984
Support: 128.070

Preferred Case:
On the H4, with the ACD moving in a bullish momentum, we have a bullish bias that price will rise from our pivot at 128.984 where the 38.2% Fibonacci retracement and horizontal overlap support is to our 1st resistance at 129.624 in line with the horizontal swing high resistance.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 128.070 where the horizontal swing low support is.