USD/JPY is limited in growth

The USD/JPY pair, after growth, remains limited overbought, increasing risks and downward divergence. As a result, this pair is expected to correct and form a reversal. At the same time, it is worth highlighting the upward trend, which limits sales deals.

Deals on the sale of USD/JPY should be considered on the formation of a reversal and return below the level of 108.50-40.

Resistance levels: 108.70-90, fixing above which cancels expectations to decline. Support levels: 108.00 and 107.50.

Read also: “Dow Theory – The trend is confirmed by the volume”

Hanzenko Anton

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