USD/JPY declines below 136.00

Source: Dukascopy Bank SA


On Friday morning, the USD/JPY shortly traded below the weekly simple pivot point at 135.93 and the 136.00 mark. However, by 08:00 GMT the rate had recovered and approached the 136.50 level and the 50, 100 and 200-hour simple moving averages.

A resumption of the decline might pass below 136.00 and the weekly simple pivot point at 135.93 and look for support in round price levels like the 135.50 and 135.00.

On the other hand, a surge above 136.50 and the three hourly simple moving averages would face resistance in the 137.00 and 137.50 level, before testing the Wednesday's high level range at 137.70/137.85.
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