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24sep21

#USDJPY is reacting below pivot, potential for drop!Price is reacting below our pivot level at 110.445, in-line with 78.6% Fibonacci retracement level,100% Fibonacci extension level and horizontal overlap resistance. Price could drop to support at 109.835, in-line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Stochastic is also at resistance level where previous drops occurred. Alternatively, price may swing towards resistance at 110.805, in-line with 100% Fibonacci retracement level and 127.2% Fibonacci extension level. Pivot: 110.445 78.6% Fibonacci retracement level,100% Fibonacci extension level and horizontal overlap resistance 1st Support: 109.835 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support 1st Resistance: 110.805 100% Fibonacci retracement level and 127.2% Fibonacci extension level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
1
#GBPUSD is approaching pivot, potential for bounce!Price is approaching pivot level at 1.37000, in-line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA. Price could potentially bounce from pivot to resistance at 1.37980, in-line with 61.8% Fibonacci retracement, 161.8% Fibonacci extension level and trendline resistance. MACD is also indicating further bullish momentum. Alternatively, price may drop to support at 1.36660, in-line with 61.8% Fibonacci retracement and 100% Fibonacci extension level. Pivot: 1.37000 38.2% Fibonacci retracement level, 61.8% Fibonacci extension and 20EMA 1st Support: 1.36660 61.8% Fibonacci retracement and 100% Fibonacci extension level 1st Resistance: 1.37980 61.8% Fibonacci retracement, 161.8% Fibonacci extension level and trendline resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
1