USD/JPY is near significant resistance
The pair USD/JPY last week is traded in a downtrend the upper limit of which is at the level of 110.50. In conditions of risk reduction, this pair managed to adjust significantly, but at the same time stays in a downward trend. Transactions for sale should be considered in the range from 110.50 to 110.10. A turn in this range will open the way for the bears to marks: 109.70-50 and 109.00. Resistance is located at the levels: 110.50 and 110-80, the update of which will cast doubt on the safety of the downtrend.
Read also: “Stock indices: European Union”
Andre Green
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