USD/JPY faces 2022 high level

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Source: Dukascopy Bank SA


The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, on Friday the 50-hour simple moving average was acting as support.

A move above 152.00 could encounter resistance in the weekly R3 simple pivot point at 152.62 and the 152.50 mark. Higher above, other round price levels are highly likely going to act as resistance.

On the other hand, a decline of the pair would look for support in the 151.00 and 150.50 level. In addition, note the combination of the weekly R2 simple pivot point and the 100-hour simple moving average near 158.90.
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