EURJPY, H4
The EURJPY faces the crucial resistance zone at the 169.50 level. The RSI oscillator shows a bearish divergence from the asset, suggesting a potential bearish sentiment.
- If the price rebounds from the 169.500 level, it will likely drop to the 167.30 support.
- However, if the EURJPY breaches above the resistance, it will propel the asset to 170.800.
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.
