Instructive support and resistance behaviour

FX:USDJPY   U.S. Dollar / Japanese Yen
18 2 1
The explanation is in the chart.
print too small
juanclos JCrusadr
Ok the size doesn't help, the hourly close becomes support in this uptrend, in this case 120.55, the length of the pierce is the base of the Fibonacci projection 121.172 is 423.6 % from 120.353, bottom of the piercing; the next move a retest of the pierce, but taking into account 120.55 line as base and the top the distance to project a 161.6 % downward.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out