USDJPY has broken above the descending trendline resistance and approaching 1st resistance, in line with horizontal swing high resistance, 38.2% Fibonacci retracement. Prices are likely to rally towards 2nd resistance horizontal swing high resistance, in line with 78.6% Fibonacci extension. Prices may reverse to horizontal swing low 1st support, in line with 38.2% Fibonacci retracement and 38.2% Fibonacci extension. Moreover, EMA is holding below prices and in line with horizontal swing low support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.