USDJPY bounced off key resistance, could possibly drop
USDJPY is approaching our first resistance at 110.012 (61.8% Fibonacci extension,23.6% ibonacci retracement, horizontal swing high resistance) where it could potentially drop to its support at 109.047(horizontal swing low support, 100% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.