USD/JPY remains below 139.00

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Source: Dukascopy Bank SA


The USD/JPY has continued to fail to reach the 139.00 mark. The recent high levels have been marked as a resistance zone at 138.70/138.90.

In the case of the resistance zone being broken, the pair could face resistance in the 139.00 mark and the weekly R1 simple pivot point at 139.18. Higher above, note 139.50 and 140.00 levels.

Meanwhile, a decline would have to pass below the 50 and 100-hour simple moving averages near 138.30. Further below, take into account the 138.00 mark and the support zone at 137.50/137.80.
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