USDJPY, H4 reversed from our Pivot point, potential for a drop.
Description
Price is under our Pivot of 108.008 which is in line with 61.8% fibonacci retracement, 127% fibonacci extension, moving average and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 107.206, in line with 88% and 127% fibonacci extension. Do note that price is trending under the moving average, in line with our bearish view.
Pivot: 108.008
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension, moving average and horizontal graphical overlap
1st Support: 107.206
Why we like it:
88% and 127% fibonacci extension
1st Resistance: 108.430
Why we like it:
61.8% and 227% fibonacci extension
Trading FX & CFDs carries high risk.
Price is under our Pivot of 108.008 which is in line with 61.8% fibonacci retracement, 127% fibonacci extension, moving average and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 107.206, in line with 88% and 127% fibonacci extension. Do note that price is trending under the moving average, in line with our bearish view.
Pivot: 108.008
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension, moving average and horizontal graphical overlap
1st Support: 107.206
Why we like it:
88% and 127% fibonacci extension
1st Resistance: 108.430
Why we like it:
61.8% and 227% fibonacci extension
Trading FX & CFDs carries high risk.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.