Type : Bullish bounce Resistance : 1751'64 Pivot: 1638'6 Support : 1581'4 Preferred case: With price moving above the ichimoku cloud, we see the potential for a bounce from our Pivot at 1639'6 in line with 50% Fibonacci retracement towards our 1st resistance at 1751'4 in line with horizontal swing high resistance.
Alternative scenario: Alternatively, price can potentially dip towards our 1st support at 1581'4 which is a graphical swing low and also in line with 61.8% Fibonacci retracement.
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