USDJPY, H4 is testing our Pivot point, potential for a rise.
Description
Price is testing our Pivot of 106.846, which is in line with -27% fibonacci retracement and 61.8% fibonacci extension, where we could see a potential bullish breakout from this level to our 1st Resistance level of 107.362, a fibonacci confluence level. Do note that price is trending above the ascending trendline, in line with our bullish view.
Pivot: 106.846
Why we like it:
-27% fibonacci retracement and 61.8% fibonacci extension
1st Support: 106.343
Why we like it:
61.8% fibonacci retracement, 61.8%, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 107.362
Why we like it:
-61.8% fibonacci retracement and 100% fibonacci extension.
Trading FX & CFDs carries high risk.
Price is testing our Pivot of 106.846, which is in line with -27% fibonacci retracement and 61.8% fibonacci extension, where we could see a potential bullish breakout from this level to our 1st Resistance level of 107.362, a fibonacci confluence level. Do note that price is trending above the ascending trendline, in line with our bullish view.
Pivot: 106.846
Why we like it:
-27% fibonacci retracement and 61.8% fibonacci extension
1st Support: 106.343
Why we like it:
61.8% fibonacci retracement, 61.8%, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 107.362
Why we like it:
-61.8% 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.