USD/JPY jumps to 129.50

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


The surge of the USD/JPY currency pair has reached the high level zone at 129.50/129.80.

A move above 129.80 could encounter resistance in the 130.00 and 130.50 levels, before approaching the 131.00/131.40 zone. The zone captures the pair's April high levels.

However, a decline of the rate might find support in the weekly R2 simple pivot point at 128.90 and the 129.00 level. Further below, note the 50-hour simple moving average and the 128.18/128.31 zone.

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