USDJPY, H4 bouncing from our Pivot point, potential for a rise.
Description
Price is bouncing from our Pivot of 105.425, which is in line with 23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 105.704, which is in line with -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Pivot: 105.425
Why we like it:
23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Support: 105.195
Why we like it:
61.8%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 105.704
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is bouncing from our Pivot of 105.425, which is in line with 23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap, where we could see a potential rise from this level to our first resistance level of 105.704, which is in line with -27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance
Pivot: 105.425
Why we like it:
23.6%, 61.8%, 78.6% fibonacci retracement and horizontal graphical overlap
1st Support: 105.195
Why we like it:
61.8%, 61.8%, 127% fibonacci retracement and horizontal graphical overlap
1st Resistance: 105.704
Why we like it:
-27% fibonacci retracement, 100% fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
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