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08sep21

#USDJPY broke above trendline, potential for further upside!Price is reacting above our pivot level at 110.240 which is in line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Price could potentially swing towards resistance at 110.795, which is in line with 100% Fibonacci retracement level, 127.2% Fibonacci extension level horizontal overlap resistance. Alternatively, price may drop to our support at 109.895, which coincides with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Pivot: 110.240 Why we like it: 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level 1st Support: 109.895 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level 1st Resistance: 110.795 100% Fibonacci retracement level, 127.2% Fibonacci extension level horizontal overlap resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#USDCHF broke out from triangle, potential for further upside!Price is reacting above our pivot level at 0.91860 which is in-line with 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap resistance. Price can potentially swing towards resistance at 0.92390 which is in-line with 100% Fibonacci retracement level, 127.2% Fibonacci extension level and swing high resistance. Alternatively, price may drop to our support at 0.91540, which is in-line with 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level. Pivot: 0.91860 Why we like it: 61.8% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap resistance 1st Support: 0.91540 Why we like it: 61.8% Fibonacci retracement level and 61.8% Fibonacci extension level 1st Resistance: 0.92390 Why we like it: 100% Fibonacci retracement level, 127.2% Fibonacci extension level and swing high resistance. Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#GBPUSD is at pivot, potential for a bounce!Price is approaching pivot level at 1.37800 which is in line with 38.2% Fibonacci retracement level , 61.8% Fibonacci extension and horizontal overlap support. Price may potentially swing towards resistance at 1.38780 which is in-line with 100% Fibonacci retracement and 127.2%Fibonacci extension level. Alternatively, price may drop to support at 1.37215 which is in line with 50% Fibonacci retracement and 61.8% Fibonacci extension level. Pivot: 1.37800 Why we like it: 38.2% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap support 1st Support: 1.37215 50% Fibonacci retracement and 61.8% Fibonacci extension level 1st Resistance: 1.38780 100% Fibonacci retracement and 127.2%Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#EURUSD retesting breakout trendline, potential for a bounce!Price is reacting at our pivot level at 1.18480 which is in-line with 23.6% Fibonacci retracement level, 100% Fibonacci extension level and trendline support. Price could potentially swing towards resistance at 1.19195, in-line with 100% Fibonacci retracement level, 161.8% Fibonacci extension level and horizontal overlap resistance. Alternatively, price could drop to support at 1.18000, which coincides with 50% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support. RSI is also at horizontal trendline support where previous bounces occurred. Pivot: 1.18480 Why we like it: 23.6% Fibonacci retracement level, 100% Fibonacci extension level and trendline support 1st Support: 1.18000 Why we like it: 50% Fibonacci retracement level, 78.6% Fibonacci extension level and horizontal overlap support 1st Resistance: 1.19195 Why we like it: 100% Fibonacci retracement level, 161.8% Fibonacci extension level and horizontal overlap resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets