Potential for Bullish Continuation

On the H4, with price moving in an ascending trendline and above the ichimoku cloud, we have a bullish bias that price will continue to rise from the pivot at 104.173 at the pullback support in line with the 78.6% fibonacci retracement to the 1st resistance at 105.261 in line with 61.8% fibonacci projection and multiple swing highs. Alternatively, price may drop from the pivot to the 1st support at 103.586 at the swing low in line with the 61.8% fibonacci projection.

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Trend Analysis

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