USD/JPY: dollar has pulled out a victory
The difficult trading session of the currency pair USD/JPY could have been observed in the market in recent days. Bulls could not decide if they should continue to recover the market or to throw themselves on the mercy of the opponents.
Nevertheless, having checked once again Ichimoku cloud upper boundary support for endurance, bulls have pulled together and have resumed buying. It has led to the powerful growth of the rate to the 110th figure area. However, it should be noted that around 110.20 there is a strong level of resistance which together with a local overboughtness of the market will slow down further growth. The following important level is on half-figures above – 110.70.
Technical levels: support – 108.70; resistance – 109.00/20, 110.10.
Trade recommendations: out of the market.