USDJPY testing resistance, potential drop!
Price is testing our first resistance (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop to our support might occur. RSI is facing bearish pressure from our descending resistance line and Ichimoku cloud is also showing signs of bearish pressure.
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.
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