USD/JPY trades near 144.00

Source: Dukascopy Bank SA


The USD/JPY has continued to trade near the 144.00 mark. However, on Wednesday the rate booked a new high at 144.25. Meanwhile, previous scenarios remain relevant.

An extension of the USD/JPY surge is expected to be slowed down by the combination of the weekly R1 simple pivot point at 144.61 and the 144.50 level. Higher above, note the 145.00 mark.

On the other hand, a decline of the pair is most likely going to look for support in the 50-hour simple moving average and the 144.50 level. Further below, note the 143.00 level, the weekly simple pivot point at 142.91 and the 100-hour simple moving average.
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