#USDJPY, H4 approaching Pivot point, potential for a bounce.
Description
Price is approaching our Pivot of 109.221 which is in line with 61.8% fibonacci retracement and horizontal graphical overlap, where we could see a bounce from this level to our 1st resistance level of 109.9 in line with 61.8% fibonacci extension. It is worth noting that price is making consistent higher highs and high lows, in line with our bullish analysis.
Pivot: 109.221
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 108.757
Why we like it:
88.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low.
1st Resistance: 109.900
Why we like it:
61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot of 109.221 which is in line with 61.8% fibonacci retracement and horizontal graphical overlap, where we could see a bounce from this level to our 1st resistance level of 109.9 in line with 61.8% fibonacci extension. It is worth noting that price is making consistent higher highs and high lows, in line with our bullish analysis.
Pivot: 109.221
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 108.757
Why we like it:
88.6% fibonacci retracement, 100% fibonacci extension and horizontal swing low.
1st Resistance: 109.900
Why we like it:
61.8% 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.