The USDJPY is forming a head and shoulders pattern and has a very clear support line at 140.
If the price goes below this line, we could see a big drop in the pair, with the first easy target at 130 and a second, more difficult target at 120. The risk is very low, and also, currency pairs allow you to use leverage to earn much higher profits.
If the price goes below this line, we could see a big drop in the pair, with the first easy target at 130 and a second, more difficult target at 120. The risk is very low, and also, currency pairs allow you to use leverage to earn much higher profits.
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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.