USD/JPY returns to decline on risks

The USD/JPY pair maintains a downward trend, despite a slight decrease in risks,. The reason for this is the continuation of the risks of a slowdown in the global economy and the possibility of an aggravation of the US-China trade war. This pair continues to trade in the side channel, waiting for the working out of the “double top” on the H4 timeframe.

A resumption of the decline should be expected if the price consolidates below the zone 106.80-60, which will open the way to support levels: 106.00 and 105.80.

Fixing a pair above resistance levels 107.00-107.30 will indicate an upward correction.

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Hanzenko Anton

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