#USDJPY above pivot, potential for a drop!
Price is at below pivot level at 110.67 which is in line with 61.8% Fibonacci retracement level and 127.2% Fibonacci extension level. Price may potentially drop to our support at 110.08, which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level.
Alternatively, price may potentially bounce towards resistance at 111.20 which is in line with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension.
Pivot:
110.74
Why we like it:
61.8% Fibonacci retracement level and 127.2% Fibonacci extension level
1st Support:
110.08
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level
1st Resistance:
111.20
78.6% Fibonacci retracement level and 161.8% Fibonacci extension level
Trading FX & CFDs carries high risk.
Alternatively, price may potentially bounce towards resistance at 111.20 which is in line with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension.
Pivot:
110.74
Why we like it:
61.8% Fibonacci retracement level and 127.2% Fibonacci extension level
1st Support:
110.08
38.2% Fibonacci retracement level, 61.8% Fibonacci extension level
1st Resistance:
111.20
78.6% Fibonacci retracement level and 161.8% Fibonacci extension level
Trading FX & CFDs carries high risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.