USDJPY, H4 reversing from our Pivot point, potential for a drop
Description
Price is reversing from our Pivot of 106.416, which is in line with, 161.8%, -27% fibonacci retracement and 78.6% fibonacci extension, where we could see a potential drop from this level to our first support level of 105.666, a fibonacci confluence level.
Pivot: 106.416
Why we like it:
161.8%, -27% fibonacci retracement and 78.6% fibonacci extension
1st Support: 105.666
Why we like it:
78.6%, 127% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 106.733
Why we like it:
-27% fibonacci retracement and 100% fibonacci extension.
Trading FX & CFDs carries high risk.
Price is reversing from our Pivot of 106.416, which is in line with, 161.8%, -27% fibonacci retracement and 78.6% fibonacci extension, where we could see a potential drop from this level to our first support level of 105.666, a fibonacci confluence level.
Pivot: 106.416
Why we like it:
161.8%, -27% fibonacci retracement and 78.6% fibonacci extension
1st Support: 105.666
Why we like it:
78.6%, 127% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Resistance: 106.733
Why we like it:
-27% fibonacci retracement and 100% 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.