USD/JPY recovery almost touches 115.00

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


The 114.20 mark provided enough support to the USD/JPY currency exchange rate for the pair to recover. By the start of Thursday's US trading hours at 14:30, the pair had made an attempt to reach the 115.00 mark.

If the currency exchange rate passes the resistance of the 100-hour SMA at 114.90 and the 115.00 mark, it would have no technical resistance as high as the weekly R1 simple pivot point at 116.14. However, take into account that the 115.20 and 115.60 levels could act as resistance. Both of these levels have impacted the rate in late January.

On the other hand, a decline of the pair might find support in the weekly simple pivot point at 114.81 and the 50 and 200-hour simple moving averages near 114.60, before once again reaching the 114.20 level.
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