expand/collapse risk warning

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

Regulator:

×
CySEC

Skilling Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license No. 357/18

Continue
FSA

Skilling (Seychelles) Ltd, is authorized and regulated by the Financial Services Authority (FSA) under license No. SD042

Continue
phone support +44 208 080 6555 whatsapp support Support
English EN
X
×
Log in Sign up
  1. Skilling
  2. Technical Analysis
  3. Support line breached by USDJPY
Technical Analysis

Support line breached by USDJPY

Autochartist63bfa4d83ff9ee503824319c_en.png

USDJPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 130.6430 may materialize within the next 2 days.

Not investment advice. Past performance does not guarantee or predict future performance.

Related Articles

Autochartist63d8f8436efdfb51559c3e32_en.png

Polkadot is on its way up

Could a large bullish move on Polkadot be a sign of things to come?...

Read More

Autochartist63d8f8436efdfb51559c3e30_en.png

Natural Gas is on its way down

Could a large bearish move on Natural Gas be a sign of things to come?...

Read More

Autochartist63d8f8436efdfb51559c3e2c_en.png

A final push possible on Amazon.com

A final push possible on Amazon.com as it starts approaching a price line of 96.06....

Read More