USD/JPY forms the “flag”

The USD/JPY pair, after a one and a half day movement in the flat, formed the “flag” pattern, which indicates the continuation of the strengthening of the pair. The limiting factor in strengthening the pair is psychology 110.00. It is worth noting that the overall monthly outgoing trend also remains upward.

Deals for purchase USD/JPY should be considered when the pair is fixed above the level of 110.00-20, which will open the way to resistance levels: 110.50-60 and 110.80-111.00. Support is located at levels: 109.70-80 and 109.50.

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Andre Green

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