USDJPY, H4 is approaching our Pivot point, potential for a drop
Description
Price is under our Pivot of 109.028 which is in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 108.403, in line with 161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Do note that price is trending under the moving average, in line with our bearish view.
Pivot: 109.028
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 108.403
Why we like it:
161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 109.303
Why we like it:
78.6%, 200% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
Price is under our Pivot of 109.028 which is in line with 78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap, where we could see a drop from this level to our 1st Support level of 108.403, in line with 161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support. Do note that price is trending under the moving average, in line with our bearish view.
Pivot: 109.028
Why we like it:
78.6% fibonacci retracement, 100% fibonacci extension and horizontal graphical overlap
1st Support: 108.403
Why we like it:
161.8% fibonacci retracement, 100% fibonacci extension and horizontal swing low support
1st Resistance: 109.303
Why we like it:
78.6%, 200% fibonacci extension and horizontal graphical overlap.
Trading FX & CFDs carries high risk.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.