USDJPY, H4 approaching Pivot point, potential for a drop.
Description
Price is approaching our Pivot of 108.910 which is in line with 78.6% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical overlap, where we could see a drop from this level to our 1st support level of 108.326 in line with 61.8% fibonacci retracement and horizontal graphical overlap.
Pivot: 108.910
Why we like it:
78.6% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 108.326
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.265
Why we like it:
127% fibonacci retracement and horizontal swing high
Trading FX & CFDs carries high risk.
Price is approaching our Pivot of 108.910 which is in line with 78.6% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical overlap, where we could see a drop from this level to our 1st support level of 108.326 in line with 61.8% fibonacci retracement and horizontal graphical overlap.
Pivot: 108.910
Why we like it:
78.6% fibonacci retracement, 161.8% fibonacci extension, descending trendline resistance and horizontal graphical overlap
1st Support: 108.326
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.265
Why we like it:
127% fibonacci retracement and horizontal swing high
Trading FX & CFDs carries high risk.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.