USD/JPY trades near 104.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Since Friday, the USD/JPY currency exchange rate has been trading in limbo around the 104.00 level. In the meantime, it was spotted that the rate ignored the support and resistance of the hourly simple moving averages.  

If the rate ends trading near the 104.00 mark with a surge, it would aim at the resistance of the weekly R1 simple pivot point at 104.72. 

On the other hand, a decline would test the previous week's low level near 103.70. In addition support could be provided by the weekly S1 simple pivot point at 103.65.
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