USD/JPY is trading in the upward channel

The USD/JPY pair was under the pressure amid growing pessimism in the market and the correction of the US dollar. However, it retained general upward dynamics of the current month. This indicates the potential for the resumption of growth, which should be expected to consolidate above the level of 109.20-30, which will open the way to resistance levels: 109.80 and 110.00. Support is located at 109.00 and 108.80.

Reed also: “Cloudy prospects for the oil market”

Hanzenko Anton

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