On the H4, with prices moving within the ascending channel and bouncing off the stochastic support, we have a bullish bias that prices will rise to the 1st resistance at 107.514 where the 38.2% fibonacci retracement and pullback resistance are. Once there is upside confirmation of price breaking the 1st resistance structure, we would expect bullish momentum to carry price to 2nd resistance at 109.265 where the swing high resistance and 61.8% fibonacci projection are. Alternatively, prices could drop to 1st support at 105.642 in line with overlap support and 61.8% fibonacci retracement.
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