Get started
Sforex

USDJPY: Support zone-unsafe zone- How to play it

U.S. Dollar / Japanese Yen (FX:USDJPY)  
Sforex  
FX:USDJPY   U.S. Dollar / Japanese Yen
0
0
Look at on the chart,USDJPY fell to the ascending trend line : This is a strong support.

121.75 is also a strong support: This was a STRONG RESISTANCE: I SHOW ON THE CHART.

SMA200 is also below the price.

All components create a strong support zone, but if the support zone is pierced,It's difficultly for USDJPY recovers.

Once, Japanese Yen plays a roles as good destination for anyone wants to seek a safe shelter : Safe -Haven Currency.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.