USDJPY reversing towards our Pivot point, potential for drop
Description:
Price is reversing towards our Pivot point at 103.663 which is in line with our 61.8% Fibonacci extension and 61.8% Fibonacci retracement and descending trendline resistance. We could potentially see price drop towards our 1st support level at 103.076, in line with 88% and 100% fibonacci extension. It is worth noting that price is trending under the Ichimoku cloud and a descending trendline.
Pivot: 103.663
Why we like it:
61.8% Fibonacci extension and 61.8% Fibonacci retracement and descending trendline resistance
1st Support: 103.076
Why we like it:
88% and 100% fibonacci extension
1st Resistance: 103.824
Why we like it:
88% fibonacci extension, 88.6% fibonacci retracement and horizontal graphical overlap resistance.
Trading FX & CFDs carries high risk.
Price is reversing towards our Pivot point at 103.663 which is in line with our 61.8% Fibonacci extension and 61.8% Fibonacci retracement and descending trendline resistance. We could potentially see price drop towards our 1st support level at 103.076, in line with 88% and 100% fibonacci extension. It is worth noting that price is trending under the Ichimoku cloud and a descending trendline.
Pivot: 103.663
Why we like it:
61.8% Fibonacci extension and 61.8% Fibonacci retracement and descending trendline resistance
1st Support: 103.076
Why we like it:
88% and 100% fibonacci extension
1st Resistance: 103.824
Why we like it:
88% fibonacci extension, 88.6% fibonacci retracement and horizontal graphical overlap resistance.
Trading FX & CFDs carries high risk.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。