USD/JPY reaches above 136.00

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Source: Dukascopy Bank SA


During the early hours of Monday's trading, the USD/JPY currency pair reached above the 136.00 mark and touched the weekly R1 simple pivot point's resistance at 136.34.

A move above the weekly R1 simple pivot point at 136.34 might be slowed down by the 136.50 level, before the pair reaches the combination of the weekly R2 at 137.05 and the 137.00 mark.

However, a decline of the US Dollar against the Japanese Yen might look for support in the 136.00 level and the 135.30/135.50 range. Although, these levels have recently failed to impact the pair. It is more likely that support could be found in the 135.00 mark and the technical indicators that surround it.
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