USDJPY, H4 is bounced from our Pivot point, potential for a rise
Description
Price has bounced from our Pivot of 109.998 which is in line with 61.8% fibonacci retracement, 127% fibonacci extension and ichimoku cloud support, where we could see a rise from this level to our 1st resistance level of 111.213, in line with 78.6% and 127% fibonacci retracement. Do note that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 109.998
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and ichimoku cloud support
1st Support: 109.571
Why we like it:
88% fibonacci retracement, 200% fibonacci extension and horizontal swing low support.
1st Resistance: 111.213
Why we like it:
78.6% and 127% fibonacci retracement
Trading FX & CFDs carries high risk.
Price has bounced from our Pivot of 109.998 which is in line with 61.8% fibonacci retracement, 127% fibonacci extension and ichimoku cloud support, where we could see a rise from this level to our 1st resistance level of 111.213, in line with 78.6% and 127% fibonacci retracement. Do note that price is trending above the Ichimoku cloud, in line with our bullish view.
Pivot: 109.998
Why we like it:
61.8% fibonacci retracement, 127% fibonacci extension and ichimoku cloud support
1st Support: 109.571
Why we like it:
88% fibonacci retracement, 200% fibonacci extension and horizontal swing low support.
1st Resistance: 111.213
Why we like it:
78.6% and 127% fibonacci retracement
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.