#USDJPY, H4 approaching Pivot point, potential for a bounce.
Description
Price is approaching our Pivot of 109.092 which is in line with 61.8%, 50% fibonacci retracement and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.786 in line with 50% fibonacci extension and horizontal swing high.
Pivot: 109.092
Why we like it:
61.8%, 50% fibonacci retracement and horizontal graphical overlap
1st Support: 108.523
Why we like it:
88% fibonacci retracement and horizontal swing low
1st Resistance: 109.786
Why we like it:
50% fibonacci extension and horizontal swing high
Trading FX & CFDs carries high risk.
Price is approaching our Pivot of 109.092 which is in line with 61.8%, 50% fibonacci retracement and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.786 in line with 50% fibonacci extension and horizontal swing high.
Pivot: 109.092
Why we like it:
61.8%, 50% fibonacci retracement and horizontal graphical overlap
1st Support: 108.523
Why we like it:
88% fibonacci retracement and horizontal swing low
1st Resistance: 109.786
Why we like it:
50% fibonacci extension and horizontal swing high
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.