Fri. Oct 4th, 2024
Price could fall to our buy entry at 181.15, which is an overlap support level, aligning with the 50% fibo retracement and 78.6% fibo projection. This area shows fibo confluence, and hence, price could potentially bullish from our buy entry. Our stop loss is at 180.16, which is below a swing low support as well as the 61.8% fibo retracement. Take profit is at 182.44, which is back at the swing high resistance level.

High Risk Investment Warning

Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.

Forex Capital Markets Limited (www.fxcm.com/uk):

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com/eu):

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.

FXCM Australia Pty. Limited (www.fxcm.com/au):

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/au

Stratos Global LLC (www.fxcm.com/markets):

Losses can exceed deposits.

Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.

The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.

Checkout latest world news below links :
World News || Latest News || U.S. News

Source link

The post GBPJPY H4 | Bullish reversal off 78.6% fibo? for FX:GBPJPY by FXCM appeared first on WorldNewsEra.

By

Leave a Reply

Your email address will not be published.