Wed, Nov 20, 2024 @ 00:29 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisUSD/JPY Key Resistance At 107.85

USD/JPY Key Resistance At 107.85

Swissquote Bank SA
By Swissquote Bank SA

Pivot (invalidation): 107.85

Our preference Short positions below 107.85 with targets at 107.45 & 107.25 in extension.

Alternative scenario Above 107.85 look for further upside with 108.10 & 108.35 as targets.

Comment As Long as the resistance at 107.85 is not surpassed, the risk of the break below 107.45 remains high.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.