USD/JPY reaches above 149.00

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


The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark.

On Tuesday morning, the pair faced no resistance as high as the 150.00 mark and the weekly R1 simple pivot point at 149.98. However, the ongoing surge could be slowed down by the 149.50 level.

On the other hand, a decline of the currency rate is expected to look for support in the 149.00 level, the 148.85 level and the approaching 50-hour simple moving average. Further below, note the 148.50 level and the Friday's low at 148.40.
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Tue, 18 Oct 2022 08:56:30 GMT

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