USDJPY, H4 break above our Pivot point, potential for a rise.

Description
Price has broken above our Pivot of 108.608 which is in line with 38.2%, 78.6% fibonacci retracement, moving average and horizontal graphical overlap, where we could see a rise from this level to our 1st resistance level of 109.444, in line with -27% fibonacci retracement. Do note that price is trending above the moving average, in line with our bullish view.

Pivot: 108.608
Why we like it:
38.2%, 78.6% fibonacci retracement, moving average and horizontal graphical overlap

1st Support: 108.234
Why we like it:
61.8%, 127% fibonacci retracement and horizontal graphical overlap

1st Resistance: 109.444
Why we like it:
-27% fibonacci retracement

Trading FX & CFDs carries high risk.