USDJPY approaching support, watch for breakout!
USDJPY is approaching our first support at 105.26 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). A breakout of this level might cause a strong reaction, pushing price down to our major support at 104.62 (horizontal swing low support, 61.8% Fibonacci extension).
RSI (89) is also seeing a short squeeze and is approaching its descending resistance line. A reaction off its resistance and breakout of its short term ascending support line might be a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
RSI (89) is also seeing a short squeeze and is approaching its descending resistance line. A reaction off its resistance and breakout of its short term ascending support line might be a good precursor of a potential drop in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。