USD/JPY reveals resistance zone

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


The USD/JPY has revealed a resistance zone at 142.05/142.28. By the middle of Tuesday's trading, the pair had declined and appeared to be finding support in the weekly R1 simple pivot point at 141.53 and the 141.50 level.

A decline below 141.50 of the USD/JPY pair might look for support in the 50-hour simple moving average and the 141.00 level. Further below, note the 140.65/140.80 zone.

However, in the case of a US Dollar's surge, the pair would face the 142.05/142.28 zone. Above the resistance zone take into account the 142.50 level and the weekly R2 simple pivot point at 142.72.
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