Type: Bullish BounceKey Levels:Resistance: 113.674Pivot: 113.048 Support: 112.701Preferred Case:Prices are consolidating in a triangle. We see potential for a bounce from our Pivot at 113.048 in line with 23.6% and 38.2% Fibonacci retracement towards our 1st resistance at 113.674 in line with 100% Fibonacci extension and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, prices may dip towards our 1st support at 112.701 in line with 61.8% and 61.8% Fibonacci extension.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-for-bounce-3rddec"
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.