USD/JPY’s upside movement from 105.05 extended to as high as 109.99. A further rise is still possible after a minor consolidation.
USD/JPY’s upside movement from 105.05 extended to as high as 109.99. A further rise is still possible after a minor consolidation and the next target would be at the 112.00 area.
Near term support is at 109.00; a breakdown below this level could bring the price back to 106.00 zone.
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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