Bullish Bounce

Key Levels:
Resistance: 1196'4
Pivot: 1154'2
Support: 1132'6

Preferred Case:
With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1154'2 in line with the 38.2% Fibonacci retracement and and 78.6% Fibonacci project.

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

No Major News