USD/JPY is near significant support

The USD/JPY pair, due to the overall increase in risks and the weakness of the American currency, approached significant psychological support 113.00-112.80, which responds to significant downward channels. Despite the persistence of risks in the market, this level remains very significant, which also confirms the oversoldness of the pair.

The purchases area is at the level of 113.00-112.80, the stops are 112.70 and 112.50. The goals are the levels: 113.50 and 113.80.

Read  also: “Advantages of the StopLoss order before the strategy “Lock” or “Averaging” for a novice trader”

Hanzenko Anton

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

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