USDJPY, H4 break above our Pivot point, potential for a rise.
Description
Price has broken above our Pivot of 108.876 which is in line with 50% fibonacci retracement, 61.8% fibonacci extension, moving average and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.434, in line with 78.6%, 127% fibonacci retracement and 127% fibonacci extension. Do note that price is trending under the moving average, in line with our bullish view.
Pivot: 108.876
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension, moving average and horizontal graphical overlap
1st Support: 108.211
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.434
Why we like it:
78.6%, 127% fibonacci retracement and 127% fibonacci extension
Trading FX & CFDs carries high risk.
Price has broken above our Pivot of 108.876 which is in line with 50% fibonacci retracement, 61.8% fibonacci extension, moving average and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.434, in line with 78.6%, 127% fibonacci retracement and 127% fibonacci extension. Do note that price is trending under the moving average, in line with our bullish view.
Pivot: 108.876
Why we like it:
50% fibonacci retracement, 61.8% fibonacci extension, moving average and horizontal graphical overlap
1st Support: 108.211
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.434
Why we like it:
78.6%, 127% fibonacci retracement and 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.