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17aug21

#USDJPY approaching pivot, potential for a bounce!Price is approaching pivot level at 109.03 which is in line with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension level. Price may potentially bounce to our resistance at 109.762, which coincides with 38.2% Fibonacci retracement level , 61.8% Fibonacci extension level and 20EMA. Alternatively, price may potentially drop towards support at 108.61 which is in line with 100% Fibonacci retracement level and 200% Fibonacci extension. Pivot: 109.03 Why we like it: 78.6% Fibonacci retracement level and 161.8% Fibonacci extension level 1st Support: 108.61 100% Fibonacci retracement level and 200% Fibonacci extension 1st Resistance: 109.76 38.2% Fibonacci retracement level , 61.8% Fibonacci extension level and 20EMA Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#USDCHF approaching pivot, potential for a drop!Price is looking to retrace back to pivot level at 0.91590 which is in-line with 38.2% Fibonacci retracement and moving averages resistance. Prices may potentially face bearish pressure from pivot and drop to support at 0.90461 which is in-line with 78.6% Fibonacci retracement, 78.6% Fibonacci extension and ascending trendline support. Alternatively, price may continue to bounce above our support level to resistance at 0.92477, which coincides with 100% Fibonacci retracement level and 61.8% Fibonacci extension level. Pivot: 0.91590 Why we like it: 38.2% Fibonacci retracement and moving averages resistancestance 1st Support: 0.90461 Why we like it: 78.6% Fibonacci retracement, 78.6% Fibonacci extension and ascending trendline support 1st Resistance: 0.92477 Why we like it: 100% Fibonacci retracement level and 61.8% Fibonacci extension level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#GBPUSD approaching pivot, potential for a bounce!Price is approaching pivot level at 1.38341 which is in line with 50% Fibonacci retracement level and 200MA. Price may potentially swing towards our resistance at 1.39089, which coincides with 61.8% Fibonacci retracement level and 100% Fibonacci extension level. Alternatively, price may drop to our support at 1.38021 which is in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension level. Pivot: 1.38341 Why we like it: 50% Fibonacci retracement level and 200MA 1st Support: 1.38021 78.6% Fibonacci retracement and 78.6% Fibonacci extension level 1st Resistance: 1.39089 61.8% Fibonacci retracement level and 100% Fibonacci extension level. Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#EURUSD approaching pivot, potential for a bounce!Price is approaching our pivot level at 1.17681 which is in line with 38.2% Fibonacci retracement level, horizontal overlap support & moving average support. Price can potentially bounce to resistance at 1.18267, which is in line with 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Alternatively, price may drop to our support at 1.17449, which coincides with 61.8% Fibonacci retracement level and 100% Fibonacci extension level. Pivot: 1.17681 Why we like it: 38.2% Fibonacci retracement level, horizontal overlap support & moving average support 1st Support: 1.17449 Why we like it: 61.8% Fibonacci retracement level and 100% Fibonacci extension level 1st Resistance: 1.18267 Why we like it: 61.8% Fibonacci retracement level and 78.6% Fibonacci extension level. Trading FX & CFDs carries high risk.
Long
by VantageMarkets
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