#USDJPY, H4 is approaching Pivot, potential for a bounce.
Description
Price is approaching our Pivot of 110.088 which is in line with 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 110.819 in line with -27% fibonacci retracement and 161.8% fibonacci extension. It is worth noting that price is above the Ichimoku cloud and MACD is above the 0-line, in line with our bullish analysis.
Pivot: 110.088
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 109.296
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 110.819
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is approaching our Pivot of 110.088 which is in line with 78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 110.819 in line with -27% fibonacci retracement and 161.8% fibonacci extension. It is worth noting that price is above the Ichimoku cloud and MACD is above the 0-line, in line with our bullish analysis.
Pivot: 110.088
Why we like it:
78.6% fibonacci retracement, 61.8% fibonacci extension and horizontal graphical overlap
1st Support: 109.296
Why we like it:
61.8% fibonacci retracement, 78.6% fibonacci extension and horizontal graphical overlap
1st Resistance: 110.819
Why we like it:
-27% fibonacci retracement and 161.8% fibonacci extension
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.