USD/JPY remains above 145.00

Source: Dukascopy Bank SA


The USD/JPY found support in the 141.50 level at midnight to Monday, despite passing below the 200-hour simple moving average. During the first half of Monday's trading, the Dollar was recovering against the Yen.

The surge of the currency pair faces the resistance of the 50 and 100-hour simple moving averages and the 142.70/143.10 range. Higher above, the 143.50 level and the weekly R1 simple pivot point at 143.49 are expected to at least slow down the surge of the Dollar against the Yen.

In the case of a decline, the 200-hour SMA and the 141.50/142.00 zone are set to act as major support. If these levels fail to keep the rate up, support might be found in the 141.00 and 140.50 levels.
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Mon, 07 Aug 2023 11:54:14 GMT

Gold is still above support

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