USDJPY, D1 is at our Pivot point, potential for a bullish break
Description
Price is testing our Pivot of 107.226, which is in line with 61.8% fibonacci retracement and 127% fibonacci extension, where we could see a potential bullish breakout from this level to our 1st Resistance level of 108.547, a fibonacci confluence level. Do note that price is trending above the ascending trendline, Ichomoku cloud and MACD is above the 0 line, in line with our bullish view.
Pivot: 107.226
Why we like it:
61.8% fibonacci retracement and 127% fibonacci extension
1st Support: 105.779
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 108.547
Why we like it:
-61.8%, 78.6%, 127% fibonacci retracement and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is testing our Pivot of 107.226, which is in line with 61.8% fibonacci retracement and 127% fibonacci extension, where we could see a potential bullish breakout from this level to our 1st Resistance level of 108.547, a fibonacci confluence level. Do note that price is trending above the ascending trendline, Ichomoku cloud and MACD is above the 0 line, in line with our bullish view.
Pivot: 107.226
Why we like it:
61.8% fibonacci retracement and 127% fibonacci extension
1st Support: 105.779
Why we like it:
61.8% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Resistance: 108.547
Why we like it:
-61.8%, 78.6%, 127% fibonacci retracement and horizontal swing high resistance.
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.