USD/JPY is under pressure, the market returns to negative sentiment
The EUR/JPY pair resumed its decline, thereby resuming the growth of risks in the market and the flight of investors into safe assets. It should be noted that the correction against the almost two-week decline of the pair was insignificant for breaking the downtrend. Against the background of renewed risks, a resumption of a downtrend is quite possible.
Significant support is located at 112.00-111.90, below which it is worth considering sales. At the same time, the resumption of reduction will open the way to support levels: 111.70-50 and 111.20-00. Resistance is located at levels: 112.30-50.
Read also: “A few useful facts about Bitcoin”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- Prospects for recovery of emerging markets.
- Trump presidency results (1/2).
- Trump presidency results (1/1).
Current Investment ideas: