USDJPY, H4 bounced from Pivot point, potential for a rise.
Description
Price has bounced from our Pivot of 108.354 which is in line with 61.8% fibonacci retracement and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.707 in line with 61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high.
Pivot: 108.354
Why we like it:
61.8% fibonacci retracement and horizontal graphical overlap
1st Support: 107.941
Why we like it:
78.6% fibonacci retracement and horizontal graphical swing low.
1st Resistance: 109.707
Why we like it:
61.8% fibonacci retracement, 61.8% fibonacci extension and horizontal swing high
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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.