USD/JPY declines below 144.00

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


The support of the 200-hour SMA passed above the 144.00 mark, which weakened its support. On Thursday morning, the 200-hour SMA at 144.20, the weekly simple pivot point at 144.08 and the 144.00 level all failed. The rate dipped below these levels, before retracing back up to confirm them as resistance.

A move above the 144.00 mark could encounter resistance in the weekly simple pivot point at 144.08, the 200-hour simple moving average near 144.25 and the 50 and 100-hour simple moving averages near 144.40. Higher above, take into account the 144.50 level and the resistance zone at 144.90/145.05.

On the other hand, a decline of the rate might find support in the 143.50 level or the combination of the 143.00 mark and the weekly S1 simple pivot point at 143.08.
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