USDJPY extended its downside movement from 111.71 to as low as 106.35, breaking below 106.90 support.
USDJPY extended its downside movement from 111.71 to as low as 106.35, breaking below 106.90 support. Deeper decline is still possible and the next target would be at 104.00 area. Near term resistance is at 108.10; only a break above this level could trigger another rise to 111.00 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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