USDJPY, H4 bounced from Pivot point, potential for a rise.
Description
Price has bounced from our Pivot of 108.126, which is in line with 38.2%, 61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st Resistance level of 108.879, a fibonacci confluence level. Do note that price is trending above the moving average and Ichimoku cloud, in line with our bullish view.
Pivot: 108.126
Why we like it:
38.2%, 61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 107.607
Why we like it:
61.8% and 127% fibonacci retracement
1st Resistance: 108.879
Why we like it:
-27% fibonacci retracement and 88%, 88% fibonacci extension.
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot of 108.126, which is in line with 38.2%, 61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st Resistance level of 108.879, a fibonacci confluence level. Do note that price is trending above the moving average and Ichimoku cloud, in line with our bullish view.
Pivot: 108.126
Why we like it:
38.2%, 61.8% fibonacci retracement, 127% fibonacci extension and horizontal graphical overlap
1st Support: 107.607
Why we like it:
61.8% and 127% fibonacci retracement
1st Resistance: 108.879
Why we like it:
-27% fibonacci retracement and 88%, 88% 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.