Type: Bearish ReversalResistance: 111.655Support: 110.805Pivot: 111.364Preference:USDJPY is on a bearish momentum. We see a possible entry if price retest our Pivot which is 111.364 in line with 23.6% Fibonacci retracement and potential dip towards our area of support at 110.805 in line with 38.2% Fibonacci retracement.Alternative Scenario:Price may shot up to our 1st resistance at 111.655 in line with 61.8% Fibonacci retracement and graphical swing high.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-is-facing-bearish-pressure-or-1-october-2021"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.