USDJPY’s downside movement extended to as low as 108.60. A further decline to test 108.13 is still possible, a breakdown below this level could take price to the 105.00 area. Resistance is now at 110.94.
USDJPY’s downside movement extended to as low as 108.60. A further decline to test 108.13 is still possible, a breakdown below this level could take the price to 105.00 area. Resistance is now at 110.94, only a break of this level could trigger another rise to retest 115.50 resistance.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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