USDJPY may continue to rise up to 1st resistance at 110.546 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension where it could potentially react off and drop down to 1st support at 109.113 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Our bearish view is further supported by how stochastic is reacting below resistance where price dropped in the past.
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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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.