USD/JPY respects 100-hour moving average

Source: Dukascopy Bank SA


For the last couple of days the USD/JPY currency pair has been finding support in the 100-hour simple moving average.

A continuation of the ongoing surge of the US Dollar against the Japanese Yen might stop at the 142.50 mark, the weekly R1 simple pivot point at 142.80 or the 143.00 level.

However, a potential decline below the 100-hour simple moving average could look for support in the 141.50 and 141.00 levels and the combination of the weekly simple pivot point and the 200-hour simple moving average at 140.90.
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