USD/JPY looks for support

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


In general, the pair remains between 144.00 and 145.00. In regards to updates, the pair ignores the 50 and 100-hour simple moving averages, the 144.50 level impacts the pair, the 144.00 level is being strengthened by the 200-hour SMA.

A decline below the 144.00 level could look for support in the 143.50 level. Further below, take into account the weekly S1 simple pivot point at 143.08 and the 143.00 level.

In the case of a resumption of the broader US Dollar's surge against the Japanese Yen, the rate would have to break the resistance of the 144.90/145.10 range. Above the resistance range take into account the weekly R1 simple pivot at 145.22.
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