USD/JPY broke above 112.13 resistance, suggesting that the uptrend from 105.05 has resumed. A further rise could be expected in a couple of weeks and the next target would be at the 114.00 area.
USD/JPY broke above 112.13 resistance, suggesting that the uptrend from 105.05 has resumed. A further rise could be expected in a couple of weeks and the next target would be at the 114.00 area.
Support is located at the rising trend line on the daily chart, a breakdown below the trend line could bring the price back towards 109.70 support.
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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