#USDJPY approaching pivot, potential for a bounce!
Price is approaching pivot level at 109.03 which is in line with 78.6% Fibonacci retracement level and 161.8% Fibonacci extension level. Price may potentially bounce to our resistance at 109.762, which coincides with 38.2% Fibonacci retracement level , 61.8% Fibonacci extension level and 20EMA.
Alternatively, price may potentially drop towards support at 108.61 which is in line with 100% Fibonacci retracement level and 200% Fibonacci extension.
Pivot:
109.03
Why we like it:
78.6% Fibonacci retracement level and 161.8% Fibonacci extension level
1st Support:
108.61
100% Fibonacci retracement level and 200% Fibonacci extension
1st Resistance:
109.76
38.2% Fibonacci retracement level , 61.8% Fibonacci extension level and 20EMA
Trading FX & CFDs carries high risk.
Alternatively, price may potentially drop towards support at 108.61 which is in line with 100% Fibonacci retracement level and 200% Fibonacci extension.
Pivot:
109.03
Why we like it:
78.6% Fibonacci retracement level and 161.8% Fibonacci extension level
1st Support:
108.61
100% Fibonacci retracement level and 200% Fibonacci extension
1st Resistance:
109.76
38.2% Fibonacci retracement level , 61.8% Fibonacci extension level and 20EMA
Trading FX & CFDs carries high risk.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.