CADJPY H4 | Rising to resistance level


Title
CADJPY H4 | Rising to resistance level

Type
Bullish Bounce

Preference:
CADJPY could continue the uptrend from the pivot at 106.501, the pullback support, and rise to the 1st resistance at 108.107, the multi-swing high resistance level.

Alternative scenario:
The price could pullback and reverse to the 1st support at 106.199, which aligns with the 61.8% Fibonacci retracement.

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