On the H4, with price moving in an ascending trendline and above the ichimoku cloud, if price breaks the 1st support at 1.06214, we have a bullish bias that price will continue to rise from the 1st support in line with the overlap support in line with two 61.8% fibonacci projections to the 1st resistance at 1.07814 at the swing high in line with the 100% fibonacci projection and 50% fibonacci retracement. Alternatively, price may drop from the 1st support to the 2nd support at 1.04905 at the swing low.
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