USDJPY, H4 is approaching our Pivot point, potential for a rise
Description:
Price is approaching our Pivot point at 103.461 which is in line with our 61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level. We could potentially see price rise towards our 1st resistance level at 103.847, in line with -27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area. It is worth noting that price is trending in an ascending trendline.
Pivot: 103.461
Why we like it:
61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level
1st Support: 103.199
Why we like it:
88% fibonacci extension and horizontal graphical support.
1st Resistance: 103.847
Why we like it:
-27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
Trading FX & CFDs carries high risk.
Price is approaching our Pivot point at 103.461 which is in line with our 61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level. We could potentially see price rise towards our 1st resistance level at 103.847, in line with -27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area. It is worth noting that price is trending in an ascending trendline.
Pivot: 103.461
Why we like it:
61.8%, 78.6% Fibonacci retracement and Horizontal graphical support level
1st Support: 103.199
Why we like it:
88% fibonacci extension and horizontal graphical support.
1st Resistance: 103.847
Why we like it:
-27% Fibonacci retracement, 78.6% fibonacci extension and horizontal graphical area
Trading FX & CFDs carries high risk.
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