USDJPY, H4 breaking above our Pivot point, potential for a rise
Description
Price is breaking above our Pivot of 109.893, which is in line with 161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 110.453, in line with 200% fibonacci retracement and -68%, 127% fibonacci extension. Do note that MACD is above 0-line, in line with our bullish view.
Pivot: 109.893
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 109.366
Why we like it:
50%, 61.8% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap.
1st Resistance: 110.453
Why we like it:
200% fibonacci retracement and -68%, 127% fibonacci extension
Trading FX & CFDs carries high risk.
Price is breaking above our Pivot of 109.893, which is in line with 161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 110.453, in line with 200% fibonacci retracement and -68%, 127% fibonacci extension. Do note that MACD is above 0-line, in line with our bullish view.
Pivot: 109.893
Why we like it:
161.8% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 109.366
Why we like it:
50%, 61.8% fibonacci retracement, 88% fibonacci extension and horizontal graphical overlap.
1st Resistance: 110.453
Why we like it:
200% fibonacci retracement and -68%, 127% 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.