USD/JPY consolidates below 145.00

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


Since Monday, the USD/JPY pair has been consolidating by trading sideways between the support of the 143.50 level and the 145.00 level's resistance. In general, the situation has not changed since Monday, besides the fact that the 50 and 100-hour simple moving averages appear to have minor to no impact on the pair.

A potential recovery of the US Dollar against the Japanese Yen could find resistance in the 145.00 mark that is set to be supported by the 200-hour simple moving average. Higher above, note the weekly simple pivot point at 145.48 that might slow down the rate, before it reaches the 146.00/146.50 range.

On the other hand, a decline of the pair further would have to pass the 143.50 level, before the rate looks for support in the weekly S1 simple pivot point at 142.92. Even further below, note the 142.00 level and the zone below it.
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