USDJPY, H4 is approaching our Pivot point, potential for a rise
Description:
Price is approaching our Pivot point at 103.461 which is in line with our 61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level. We could potentially see price rise towards our 1st resistance level at 103.847, in line with -27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area. It is worth noting that price is trending in an ascending trendline.
Pivot: 103.461
Why we like it:
61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level
1st Support: 103.199
Why we like it:
88% fibonacci extension and horizontal graphical support.
1st Resistance: 103.847
Why we like it:
-27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 103.461 which is in line with our 61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level. We could potentially see price rise towards our 1st resistance level at 103.847, in line with -27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area. It is worth noting that price is trending in an ascending trendline.
Pivot: 103.461
Why we like it:
61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level
1st Support: 103.199
Why we like it:
88% fibonacci extension and horizontal graphical support.
1st Resistance: 103.847
Why we like it:
-27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
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.