USDJPY could decline towards 105.00
USDJPY has continued to decline consistently since early June from 109.85 levels, owing to the strength in yen; the currency pair has declined and made a low of 104 in the second half of September, from where USDJPY has rebounded to hit a high of 106.12 (on 7th of October). The pair currently stands at the resistance of a downward sloping trend line where it could face resistance to drop towards 105.45 and 105.00 in the near term while it sustains below 106.35.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.