USD/JPY resumes its growth

The USD/JPY pair returns to an upward trend on the general growth of optimism and attempts to restore the dollar. So, earlier, on weak  employment data in the US and the flight of investors from risks, this pair updated a low at the level of 110.80-90, which corresponds to the lower limit of the two-month uptrend.

Deals for the purchase of a USD/JPY pair should be considered on breaking through resistance 111.30-50. It will open the way to resistance levels: 112.00 and 112.30. Support is located at levels: 111.00 and 110.80, fixing below which cancels expectations for growth.

Read also: “Trading against the trend using examples”

Hanzenko Anton

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

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