USD/JPY tests resistance zone

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


During the first half of Wednesday's trading hours, the USD/JPY currency pair was testing the resistance of the 132.45/132.65 zone.

A recovery of the US Dollar and move above 132.65 might be slowed down by the 133.00, 133.50 and 134.00 levels, before the resistance zone near 134.50 would be once again reached. In addition, note the weekly R1 simple pivot point at 134.70.

On the other hand, a move of the rate below the support of 131.30/131.40 could pause at the 131.00 mark, prior to approaching the December 20 low level at 130.57 and the 130.50 level.

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