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20sep21

#GBPUSD is approaching pivot, potential for bounce!Price is approaching pivot level at 1.36685 which, in-line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap resistance. Price may potentially drop to support at 1.36020 which is in-line with 100% Fibonacci retracement , 100% Fibonacci extension and swing low support. Stochastic is also approaching horizontal support where previous bounces occurred. Alternatively, price may swing towards resistance at 1.37605, in-line with 23.6% Fibonacci retracement, 61.8% Fibonacci extension and trendline resistance. Pivot: 1.36685 Why we like it: 23.6% Fibonacci retracement level, 61.8% Fibonacci extension and horizontal overlap resistance 1st Support: 1.36020 100% Fibonacci retracement , 100% Fibonacci extension and swing low support 1st Resistance: 1.37605 23.6% Fibonacci retracement, 61.8% Fibonacci extension and trendline resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#USDJPY reacting at pivot, potential for drop!Price is reacting below our pivot level at 109.985 which is in line with 78.6% Fibonacci retracement, 161.8% Fibonacci extension and descending trendline resistance. Price could potentially drop to support at 109.340, in-line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Alternatively, price may swing towards resistance at 110.190, in-line with 78.6% Fibonacci retracement and 200% Fibonacci extension. Pivot: 109.985 Why we like it: 78.6% Fibonacci retracement,161.8% Fibonacci extension and descending trendline resistance 1st Support: 109.340 61.8% Fibonacci retracement and 61.8% Fibonacci extension 1st Resistance: 110.190 78.6% Fibonacci retracement and 200% Fibonacci extension Trading FX & CFDs carries high risk.
Short
by VantageMarkets