USD/JPY jumps and breaks all resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The USD/JPY has made another large fundamental move. The rate has suddenly surged, breaking all the previously used pattern trend lines. 

Although, our forecast had described a surge that would occur from the 110.80 level. If one would have used properly trailing stop losses, he should still be in a profitable position that caught the whole move. 

In regards to the near term future, the pair is expected to reach for the 112.00 level, where it would test the psychological resistance of this round level.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.