USD/JPY resumes its growth

The USD/JPY pair retains the potential for strengthening after a restrained correction on growth. The reduction of overall risks is the main driver for the growth of this pair .

The resumption of growth should be expected above the zone of 108.90-109.00, which will open the way to resistance levels: 109.50 and 109.80.

Support is located at: 108.70 and 108.50, the breakdown of which will call into question keeping the upward trend.

Read also: “Expectations from the July Fed meeting”

Hanzenko Anton

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