USDJPY, H4 bouncing from our Pivot point, potential for a rise
Description
Price is bouncing from our Pivot of 110.476, which is in line with 38.2%, 61.8% fibonacci retracement, ascending trendline support and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 111.205, in line with -27% fibonacci retracement and 100% fibonacci extension. Do note that price is trending above the ascending trendline, moving average and Ichimoku cloud, in line with our bullish view.
Pivot: 110.476
Why we like it:
38.2%, 61.8% fibonacci retracement, ascending trendline support and horizontal graphical overlap
1st Support: 109.975
Why we like it:
127% and 61.8% fibonacci retracement.
1st Resistance: 111.205
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot of 110.476, which is in line with 38.2%, 61.8% fibonacci retracement, ascending trendline support and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 111.205, in line with -27% fibonacci retracement and 100% fibonacci extension. Do note that price is trending above the ascending trendline, moving average and Ichimoku cloud, in line with our bullish view.
Pivot: 110.476
Why we like it:
38.2%, 61.8% fibonacci retracement, ascending trendline support and horizontal graphical overlap
1st Support: 109.975
Why we like it:
127% and 61.8% fibonacci retracement.
1st Resistance: 111.205
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension
Trading FX & CFDs carries high risk.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.