USD/JPY is near significant support

The USD/JPY pair continues to strengthen despite the general weakness of the US currency. The growth of this pair is associated with the growth of optimism in the market and very weak data for Japan.

In terms of maintaining a two-month uptrend and a weekly upward trend, it is worth considering the deal for purchase. So, on breaking through the resistance 110.70-80, the way to the resistance levels opens: 111.00 and 111.30. Support is located at levels: 110.50 and 110.30, updating of which cancels expectations for growth.

Read also: “The Euro index as an auxiliary indicator”

Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Gold. Expectations March 2019!
2. Gold. Expectations for February and March 2019
3. Features of trading within a week

Current Investment ideas:

1. Ready instruction to income! Earn with #CAT!
2. Aerospace Corporation brings a cosmic income!