FBS turns 16
June 24, 2024
Trade ideas
USDJPY, H4
On the H4 chart, USDJPY is reversing from a prolonged uptrend. The Parabolic SAR indicator signals a bearish with a point above the price, while the DeMarker indicator crossing below 0.700 further supports the bearish outlook.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
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