USD/JPY remains under pressure from risks

The USD/JPY pair is trading sideways this week, demonstrating multidirectional dynamics in the mood change and risk growth, which ultimately slowed down general uptrend, hinting at a reversal of the upward dynamics. The formation of a “double top” is one more factor to the reversal of the uptrend, in addition to increasing risks.

Deals for sale should be considered with a break through the level of 112.00-111.80, which will open the way to the marks: 111.50-30. Resistance is located on the marks: 112.20-40.

Read also: “US dollar index as an additional indicator”

Dani Leviant

Earn with the help of the trade service on the news Erste News!

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