USDJPY, H4 bouncing from our Pivot point, potential for a rise.
Description
Price is bouncing from our Pivot of 105.425, which is in line with 23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 105.704, which is in line with -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Pivot: 105.425
Why we like it:
23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Support: 105.195
Why we like it:
61.8%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 105.704
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot of 105.425, which is in line with 23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 105.704, which is in line with -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Pivot: 105.425
Why we like it:
23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Support: 105.195
Why we like it:
61.8%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 105.704
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.