USD/JPY is waiting for correction

Against the background of reducing political risks in the United States and a gradual return of trading volumes to the market the USD/JPY pair is preparing for correction against the decline, which was traced to a decrease in activity and an increase in risks. So, with consolidation above 109.40-50, we can expect the resistance test of 110.00 and 110.50, which will confirm the formation of an uptrend and a correction. At the same time, the update of the lows at the levels of 109.00 and 108.70 will cancel the expectations for growth.

Read also: “Market activity depending on the days of the week”

Hanzenko Anton

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