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17sep21

#USDJPY retesting pivot, potential for dropPrice is retesting trendline resistance at pivot level at 109.940, in-line with 78.6% Fibonacci retracement level, 161.8% Fibonacci extension level and trendline resistance. Price could potentially drop to support at 109.340, in-line with 61.8% Fibonacci retracement level, 61.8% Fibonacci retracement level and horizontal overlap support. Stochastic is also approaching resistance level where previous drops occurred. Alternatively, price could potentially swing towards resistance at 110.190, in-line with 78.6% Fibonacci retracement level and 200% Fibonacci retracement level Pivot: 109.940 Why we like it: 78.6% Fibonacci retracement level, 161.8% Fibonacci extension level and trendline resistance 1st Support: 109.340 61.8% Fibonacci retracement level, 61.8% Fibonacci retracement level and horizontal overlap support 1st Resistance: 110.190 78.6% Fibonacci retracement level and 200% Fibonacci retracement level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
#GBPUSD is at pivot, potential for bouncePrice is approaching pivot level at 1.37660 which is in line with 78.6% Fibonacci retracement level, 78.6% Fibonacci extension and ascending trendline support. Price could potentially bounce to resistance at 1.39110, in-line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension level. RSI is also at support where previous bounces occurred. Alternatively, price may drop to support at 1.37030, in-line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension level. Pivot: 1.37660 Why we like it: 78.6% Fibonacci retracement level, 78.6% Fibonacci extension and ascending trendline support 1st Support: 1.37030 61.8% Fibonacci retracement and 127.2% Fibonacci extension level 1st Resistance: 1.39110 78.6% Fibonacci retracement and 78.6% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets