LONG USDJPY bouncing off support, potential rise!
USDJPY is approaching our major support level at 106.35 (horizontal overlap support, 50% Fibonacci retracement ). A strong reaction can occur at this level pushing price up to our next major resistance at 107.18 (horizontal swing high resistance, 23.6%, 78.6% Fibonacci retracement ).
RSI (55) is also approaching its support level 50% and is a good precursor for a potential rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (55) is also approaching its support level 50% and is a good precursor for a potential rise in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.