USD/JPY H4 | Heading into swing-high resistanceUSD/JPY is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 151.06 which is a swing-high resistance.
Stop loss is at 152.40 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance.
Take profit is at 149.65 which is a multi-swing-low support that aligns with the 61.8% Fibonacci retracement level.
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Stratos Markets Limited (www.fxcm.com):
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Stratos Europe Ltd (www.fxcm.com):
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.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
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