Type: Bullish BounceKey Levels:Resistance: 114.286Pivot: 113.685Support: 113.048Preferred Case:Prices have recently experienced and extreme dip and are currently testing our Pivot at 113.685 which is a graphical overlap and in line with 23.6% Fibonacci retracement. We see potential for upside towards our 1st resistance at 114.286 in line with 61.8% Fibonacci extension and 50% Fibonacci retracementAlternative Scenario:Alternatively, prices might dip towards our 1st support at 113.048 which is an area of Fibonacci confluences.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-bounce-29thnov"
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.