ALB Limited 10.03.2020

Chart of the Day USD-JPY

Yesterday has been a total bloodbath in the Equity market as Oil price war broke out between Russia & the Saudis adding to the global Corona Virus fears. Which meant huge demand for safe heaven Japanese Yen while we saw huge risk of sentiment prevailing on the global Equity market with major US Indices hit their intra day trading circuit breakers. Today we are looking for a short from 104.70 stop above 105.40 and targeting yesterday’s low near the 101 handle & any further push downwards near the August 2016 lows.

Tags: Chart of the Day, Latest Forex News, USDJPY

RISK PROBABILITY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.99% of retail investor accounts lose money when trading CFDs with ALB Limited. These products may not be suitable for all investors. Please make sure that you fully understand the risks involved and seek independent advice if necessary. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of your investment may go down as well as up.

NEGATIVE BALANCE PROTECTION: Please see your rights here as a retail client.