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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



USD/JPY Another Temporary Decline!


USD/JPY dropped again after its failure to stabilize above 109.63 level. Now the price is about to reach the major uptrend line. A new rejection from this dynamic support could bring a new upwards movement.

The pressure is high in the short term as long as USD/JPY is trading below the immediate downtrend line. So, the price needs to jump above the downtrend line to confirm a potential upside movement.

Trading Conclusion!

USD/JPY could develop a new swing higher if it stays above the uptrend line and if it jumps above the immediate downtrend line and beyond 109.20. 109.63 could be used as the first upside target.

The material has been provided by InstaForex Company -