USDJPY moved sideways in a trading range between 104.18 and 107.05. As long as the price is below the falling trend line on the daily chart, the downside movement from 111.71 could be expected to continue.
USDJPY moved sideways in a trading range between 104.18 and 107.05. As long as the price is below the falling trend line on the daily chart, the downside movement from 111.71 could be expected to continue and the next target would be at the 103.00 area. Only a break above the trend line resistance 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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