USD/JPY respects pivot point

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


The decline of the USD/JPY continues. On Thursday, the pair found support in the weekly S3 simple pivot point at 147.60.

An extension of the ongoing decline is expected to look for support in the 146.65/147.10 range. Further below, the 146.00 level might stop the decline.

In the case of a USD recovery, watch the weekly S2 simple pivot point at 148.40 and the 148.50/149.00 range.
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