USDJPY, H4 approaching our Pivot point, potential for a drop.
Description
Price has reversed from our Pivot of 109.042, which is in line with 61.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 108.625, in line with 78.6% fibonacci retracement and 88% fibonacci extension. Do note that price is trending within a bearish channel, in line with our bearish view.
Pivot: 109.042
Why we like it:
61.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 108.625
Why we like it:
78.6% fibonacci retracement and 88% fibonacci extension
1st Resistance: 109.316
Why we like it:
88% fibonacci retracement, 100%, 161.8% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price has reversed from our Pivot of 109.042, which is in line with 61.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 108.625, in line with 78.6% fibonacci retracement and 88% fibonacci extension. Do note that price is trending within a bearish channel, in line with our bearish view.
Pivot: 109.042
Why we like it:
61.8% fibonacci retracement, 61.8%, 100% fibonacci extension and horizontal graphical overlap
1st Support: 108.625
Why we like it:
78.6% fibonacci retracement and 88% fibonacci extension
1st Resistance: 109.316
Why we like it:
88% fibonacci retracement, 100%, 161.8% fibonacci extension and horizontal swing high resistance.
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.