Type:Bearish BreakoutResistance: 114.331Pivot: 113.896Support: 133.245Preference:Prices are on a bearish momentum and is consolidating in a parallel channel. We see potential for prices to dip from our Pivot at 113.896 in line with 61.8% Fibonacci retracement towards our 1st support at 113.245 which is an area of Fibonacci confluences.Alternative Scenario:Alternatively, prices might climb towards 1st resistance at 114.331 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-potential-for-further-dips-or-2-nov-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.