USD/JPY returns back to low levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The 144.30/145.00 range has caused a decline of the pair which has passed one support level after another. By mid-Thursday, the pair had reached the 142.00 mark.

A move below 142.00 could find support in the 141.50 and 141.00 levels that acted as support during the end of last week. Further below, note the major impact that the 140.00 mark could have. It might serve as a strong level just like the 150.00.

On the other hand, a potential recovery of the USD/JPY rate could find resistance in a newly forming cluster of technical levels. Namely, the 50, 100 and 200-hour simple moving averages are all approaching the weekly simple pivot point at 143.23. Meanwhile, note the the 142.50 143.50 and 144.00 levels have acted as support and resistance. The 143.00 level though has been ignored. If all of these levels fail, the 144.30/145.00 range is highly likely once again going to impact the pair.
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