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23aug21

#USDJPY approaching pivot, potential for further upsidePrice is reacting above our pivot level at 109.76 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA. Price could potentially push up further to resistance at 110.44, which is in line with 78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance. Alternatively, price may drop to our support at 109.17, which coincides with 78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level Pivot: 109.76 Why we like it: 38.2% Fibonacci retracement level, 61.8% Fibonacci retracement level & 20EMA 1st Support: 109.17 78.6% Fibonacci retracement level and 161.8% Fibonacci retracement level 1st Resistance: 110.44 78.6% Fibonacci retracement level, 161.8% Fibonacci retracement level and horizontal overlap resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#GBPUSD above pivot, potential for a further upside!Price is reactive above pivot level at 1.36427 which is in line with -61.8% Fibonacci retracement level and 127.2% Fibonacci extension. Price may potentially swing towards our resistance at 1.36950, which coincides with 50% Fibonacci retracement level , 127.2% Fibonacci extension level and 20EMA. Stochastic is also at support level where previous bounces occurred. Alternatively, price may drop to our support at 1.355525 which is in line with -27.2% Fibonacci retracement and 161.8% Fibonacci extension level. Pivot: 1.36427 Why we like it: -61.8% Fibonacci retracement level and 127.2% Fibonacci extension 1st Support: 1.355525 -27.2% Fibonacci retracement and 161.8% Fibonacci extension level 1st Resistance: 1.36950 50% Fibonacci retracement level , 127.2% Fibonacci extension level and 20EMA Trading FX & CFDs carries high risk.
Long
by VantageMarkets