USD/JPY remains under of risks pressure

The pair USD/JPY, after a two-day correction, is limited by resistance level 111.00, which corresponds to the upper limit of the downward channel of the last four weeks. Also, pressure on the dollar may be maintained by the global risks on the market. Transactions for sale should be considered from the resistance levels. At the same time, fixation above 111.00-111.20 will cast doubt on the safety of the downtrend. Support for the marks: 110.50 and 110.20-00.

 

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Hanzenko Anton

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

Topical articles of the trader’s blog:

1. Medium-term prospects for the US dollar for August-September
2. Emerging markets and their prospects: Chinese yuan (CNH or CNY)
3. Stock indices: the Japanese market

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