#USDJPY, H4 is testing Pivot point, potential for a drop.
Description
Price is testing our Pivot of 109.472 which is in line with 88.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 109.066 in line with 127% fibonacci retracement and horizontal graphical overlap. It is worth noting that price is under the moving average,in line with our bearish analysis.
Pivot: 109.472
Why we like it:
88.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 109.066
Why we like it:
127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.858
Why we like it:
50% fibonacci retracement and 61.8% fibonacci extension
Trading FX & CFDs carries high risk.
Price is testing our Pivot of 109.472 which is in line with 88.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 109.066 in line with 127% fibonacci retracement and horizontal graphical overlap. It is worth noting that price is under the moving average,in line with our bearish analysis.
Pivot: 109.472
Why we like it:
88.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 109.066
Why we like it:
127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 109.858
Why we like it:
50% fibonacci retracement and 61.8% 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.