USD/JPY remains below 152.00

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


In general, the situation and the analysis of the rate has not changed since Friday. 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, the 50 and 100-hour simple moving averages have been acting as support.

A move above 152.00 could encounter resistance in the weekly R1 simple pivot point at 152.56 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 levels. However, before that occurs, the 50 and 100-hour simple moving averages could keep the rate up. In addition, note the weekly simple pivot point at 150.73.
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