USD/JPY is limited by downtrend
The USD/JPY pair maintains a downward trend, which indicates a potential for decline, despite the reduction of risks and signs of the progress in the US – China trade talks.
Deals for sale should be considered below zone 107.50-40, breaking through which downwards will open the way to support levels: 107.00 and 106.80.
Resistance levels are located at the levels of 107.80 and 108.00, the purchase above which cancels down expectations and will call into question the two-month descending channel.
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Hanzenko Anton
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