easyMarkets
Short

USDJPY testing resistance, big potential drop!

FX:USDJPY   U.S. Dollar / Japanese Yen
Price is approaching our first resistance (horizontal pullback resistance, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) where we might see a drop in price to our major support (horizontal swing low support, 38.2% Fibonacci retracement ).
Stochastic is approaching resistance as well.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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