CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Technical alert: USDJPY

14:07 19 May 2020

USDJPY is trading higher today following an announcement that the Bank of Japan will hold an unscheduled meeting on Friday. Looking on the chart from a technical point of view, we can see that the pair broke above the local resistance at 107.75 and looks could be gearing for a bigger upward move. The key resistance to watch is marked with the upper limit of Overbalance structure (red rectangle). Additionally, 108.45 is strengthened by equality of A and C waves according to the Elliott Wave Theory.

USDJPY H4 interval. Source: xStation5

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