USDJPY broke below 106.95 support, suggesting that the downtrend from 112.40 has resumed. A further decline is still possible next week and the next target would be at 105.00 area.
USDJPY broke below 106.95 support, suggesting that the downtrend from 112.40 has resumed. A further decline is still possible next week and the next target would be at 105.00 area.
Key resistance is at 108.47, only a break above this level could signal completion of the downtrend.
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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