On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 0.72714 which is in line with horizontal overlap resistance and 61.8% Fibonacci retracement from 1st support at 0.71939, which is in line with horizontal overlap support and 61.8% Fibonacci retracement level. Alternatively, price may break 1st support structure and head for 2nd support at 0.71459, which coincides with horizontal swing low resistance and 127.2% Fibonacci extension.
Pivot: 0.71939 Why we like it: Horizontal overlap support and 61.8% Fibonacci retracement
1st Support: 0.71459 Why we like it: Horizontal swing low resistance and 127.2% Fibonacci extension
1st Resistance: 0.72714 Why we like it: Horizontal overlap resistance and 61.8% Fibonacci retracement