Description:
Price is approaching our pivot of 1.22963, which is a fibonacci confluence level. A rise from our pivot at 1.22963 towards 1st resistance at 1.23317 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.22186. Note that price is trending above the Ascending trendline as well as Ichimoku cloud, in line with our bullish bias.
Pivot: 1.22963
Supporting Points:
61.8% fibonacci retracement, 61.8% Fibonacci extension and ascending trendline support
1st Support: 1.22186
Supporting Points:
78.6%, 100% Fibonacci extension and horizontal swing low support.
1st Resistance: 1.23317
Supporting Points:
78.6% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
Price is approaching our pivot of 1.22963, which is a fibonacci confluence level. A rise from our pivot at 1.22963 towards 1st resistance at 1.23317 could be possible. Otherwise, a break under the pivot should see price swing towards 1st support at 1.22186. Note that price is trending above the Ascending trendline as well as Ichimoku cloud, in line with our bullish bias.
Pivot: 1.22963
Supporting Points:
61.8% fibonacci retracement, 61.8% Fibonacci extension and ascending trendline support
1st Support: 1.22186
Supporting Points:
78.6%, 100% Fibonacci extension and horizontal swing low support.
1st Resistance: 1.23317
Supporting Points:
78.6% Fibonacci retracement, 88% Fibonacci extension and horizontal swing high resistance.
Trading FX & CFDs carries high risk.
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