Type: Bearish ReversalKey Levels:Resistance: 129.606Pivot: 128.986Support: 128.168Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that prices will drop to our 1st support at 128.168 where our horizontal swing low support is at from our pivot at 128.986 in line with horizontal overlap resistance and 61.8% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for the 1st resistance at 129.606 in line with the horizontal swing high resistance and 78.6% Fibonacci projection.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usdjpy-h4-or-potential-bearish-continuation19"
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.