USDJPY, H4 bounced from Pivot point, potential for a rise.
Description
Price has bounced from our Pivot of 108.354 which is in line with 61.8% fibonacci retracement and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.707 in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high.
Pivot: 108.354
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 107.941
Why we like it:
78.6% fibonacci retracement and horizontal graphical swing low.
1st Resistance: 109.707
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high
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