USD/JPY tests resistance zone

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


The recovery from the 144.50 mark has encountered resistance in the 146.30/146.60 range.

If the USD/JPY reaches above the 146.60 level, the rate could be slowed down by the 147.00 mark, before the 147.23/147.36 August high level range.

On the other hand, a possible decline of the US Dollar against the Yen could look for support in the 146.00 mark, the weekly simple pivot point at 145.99 and the combination of the 50, 100 and 200-hour simple moving averages. Below these levels, note the 145.70, 145.50 and 145.00 levels that are capable of impacting the rate.
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