USD/JPY H1 | Fill the gap before running into resistance?USD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 152.96 which is a multi-swing-high resistance.
Stop loss is at 153.72 which is a level that sits above a pullback resistance.
Take profit is at 151.62 which is a multi-swing-low support that aligns close to the 50.0% Fibonacci retracement level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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