USDJPY, H4 bounced from Pivot point, potential for a rise.
Description
Price has bounced from our Pivot of 108.524, which is in line with 61.8% fibonacci retracement, 61.8%, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st Resistance level of 109.400, in line with 161.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance. Do note that price is trending above the moving average and Ichimoku cloud, in line with our bullish view.
Pivot: 108.524
Why we like it:
61.8% fibonacci retracement, 61.8%, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 107.924
Why we like it:
127% fibonacci retracement, 100% and 161.8% fibonacci extension.
1st Resistance: 109.400
Why we like it:
161.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot of 108.524, which is in line with 61.8% fibonacci retracement, 61.8%, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st Resistance level of 109.400, in line with 161.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance. Do note that price is trending above the moving average and Ichimoku cloud, in line with our bullish view.
Pivot: 108.524
Why we like it:
61.8% fibonacci retracement, 61.8%, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 107.924
Why we like it:
127% fibonacci retracement, 100% and 161.8% fibonacci extension.
1st Resistance: 109.400
Why we like it:
161.8% fibonacci retracement, 78.6% fibonacci extension and horizontal swing high resistance
Trading FX & CFDs carries high risk.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.