USD/JPY recovers on Friday

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


The USD/JPY currency exchange rate found support in the 114.80 level at GMT midnight to Friday. The event resulted in a surge, which was stopped by the 50-hour simple moving average near the 115.20 mark.

A move above the 50-hour simple moving average might find resistance in the 100-hour simple moving average near 115.40, before reaching the upper trend line of a channel down pattern. The pattern has guided the pair down since February 10. Above the trend line, take into account the 200-hour simple moving average near the 115.50 mark and the weekly simple pivot point at 115.62.

Meanwhile, if the 50-hour simple moving average pushes the rate down, the USD/JPY might find support in the 115.00 and 114.80 levels, prior to booking new low levels.

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