USD/JPY is near significant resistance

The USD/JPY pair restrained on its efforts to reduce the risks of a trade war and restoring the American dollar. The total monthly downward trend is maintained for this pair. The reversal zone is located in a wide range from 106.20 to 105.80, which is due to the frequent change of mood in the market.

We should expect a test of support levels: 105.00 and 104.80 in the context of the formation of a reversal model and the resumption of decline.

Resistance are the marks: 106.20 and 106.50.

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Hanzenko Anton

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