USDJPY has been trading in small body candlestick formations since the last few trading sessions after it found support near 103.70 levels, which is its strong support zone signifying a rebound in the offing. On the weekly charts as well dollar yen has been trading in small body candlestick formations suggesting the down trend to have likely ended and a support for the pair below current levels. The currency pair could rise towards 104.80 and 105.00 while it sustains above 103.80.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.