Bullish Breakout

Key Levels:
Resistance: 140.67
Pivot: 136.781
Support: 134.354

Preferred Case:
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise to our pivot at 136.781 where the swing high resistance and 61.8% fibonacci projection are. Once there is upside confirmation, we would expect bullish momentum to carry price to our 1st resistance at 140.67 where the 61.8% fibonacci projection is .

Alternative Scenario:
Alternatively, price may drop to 1st support at 134.354 in line with the swing low support, 100% fibonacci projection and 23.6% fibonacci retracement.