USD/JPY H4 | Approaching a swing-high resistanceUSD/JPY is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 145.87 which is a swing-high resistance.
Stop loss is at 148.38 which is a level that sits above the 161.8% Fibonacci extension and a multi-swing-high resistance.
Take profit is at 142.41 which is a swing-low support that aligns close to a 61.8% Fibonacci retracement.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
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