USDJPY, H4 break above our Pivot point, potential for a rise.
Description
Price has broken above our Pivot of 108.608 which is in line with 38.2%, 78.6% fibonacci retracement, moving average and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.444, in line with -27% fibonacci retracement. Do note that price is trending above the moving average, in line with our bullish view.
Pivot: 108.608
Why we like it:
38.2%, 78.6% fibonacci retracement, moving average and horizontal graphical overlap
1st Support: 108.234
Why we like it:
61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.444
Why we like it:
-27% fibonacci retracement
Trading FX & CFDs carries high risk.
Price has broken above our Pivot of 108.608 which is in line with 38.2%, 78.6% fibonacci retracement, moving average and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.444, in line with -27% fibonacci retracement. Do note that price is trending above the moving average, in line with our bullish view.
Pivot: 108.608
Why we like it:
38.2%, 78.6% fibonacci retracement, moving average and horizontal graphical overlap
1st Support: 108.234
Why we like it:
61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.444
Why we like it:
-27% fibonacci retracement
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.