USD/JPY manages to break resistance

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


The USD/JPY has broken the resistance of the 143.00 mark. The rate had reached the 143.50 level by the second part of Tuesday's European trading.

A continuation of the ongoing USD surge against the Japanese Yen is expected to face resistance in the 144.00 mark and the weekly R2 simple pivot point at 144.09. Higher above, note the 145.00 mark where the pair stopped in late June, prior to dropping below 137.50.

In the case of a decline of the currency pair, support could be found in the 142.70/143.10 range and the weekly R1 simple pivot point at 142.61. In addition, note the approaching 50-hour simple moving average. Further below, note the 141.50/142.00 zone that has acted as support and resistance.
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Tue, 01 Aug 2023 17:54:13 GMT

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