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The USD/JPY currency exchange rate has been observed to be finding support in the weekly simple pivot point at 132.17. Meanwhile, the 132.50 level and the 200-hour simple moving average appear to be acting as minor support and resistance. At mid-day on Friday, the pair reached above 132.50.
A recovery of the US Dollar against the Yen could be slowed down at the 133.00 level by the 50 and 100-hour simple moving averages. Higher above, note the 133.50 level and the weekly R1 simple pivot point at 133.72.
However, a potential decline would look for support in 132.50, the 200-hour SMA and the weekly simple pivot point at 132.17, prior to reaching the 132.00 mark.
Fri, 14 Apr 2023 11:30:13 GMT
Source: Dukascopy Bank SA
The USD/JPY currency exchange rate has been observed to be finding support in the weekly simple pivot point at 132.17. Meanwhile, the 132.50 level and the 200-hour simple moving average appear to be acting as minor support and resistance. At mid-day on Friday, the pair reached above 132.50.
A recovery of the US Dollar against the Yen could be slowed down at the 133.00 level by the 50 and 100-hour simple moving averages. Higher above, note the 133.50 level and the weekly R1 simple pivot point at 133.72.
However, a potential decline would look for support in 132.50, the 200-hour SMA and the weekly simple pivot point at 132.17, prior to reaching the 132.00 mark.