Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

USD/JPY  has been trying to break above the trendline

USD/JPY has been trying to break above the trendline

Information is not investment advice

On the daily chart of USD/JPY, the pair has been trading near the trendline that limits the further rise. The pair needs to close above 108.045. After that, we can anticipate a further rise to 108.555 (previous consolidation zone). The break of the downtrend will be confirmed if only the pair sticks above 108.80. The next resistance is 109.26. Before that, risks of the fall exist. 

If the pair is not able to break above the trendline, the fall to 107.15 is anticipated. 

Снимок экрана 2019-06-27 в 16.56.00.png

Similar

Popular

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Choose your payment system

Learn more