CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

USDJPY price increased 0.2%

Fast Moving Market - 27/09/2023

27 September, 2023

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

NEWS: USDJPY price increased 0.2%. The USDJPY price increased on the back of a strong dollar.

Possible Scenarios:

If USDJPY fails to breach through R1 of 149.532, our Research Department expects the USDJPY to undergo a short- term downward correction.

If USDJPY manages to break above its R1 of 149.532, our Research Department expects the USDJPY to extend its gains to its R2 of 149.777.

Support and Resistance Levels:

USDJPY

S3

S2

S1

Reference Price

R1

R2

R3

148.385

148.631

148.876

149.204

149.532

149.777

150.023

Potential Profit or Potential Loss Calculations:

10 pips per 1 trading lot*

USD

EUR**

GBP***

(+/-) $67.03

(+/-) €63.6

(+/-) £55.22

*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05383
***GBP/USD = 1.21387
Calculations for exchange rate used as of Wednesday, September 27, 2023 GMT+1, 13:00: PM

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