USD/JPY trades around 135.00

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


The USD/JPY currency pair has been trading near the 135.00 mark since mid-Thursday. By the middle of Monday's trading hours, the exchange rate was testing the combined resistance of the weekly simple pivot point at 135.38 and the 100-hour simple moving average.

A move above the technical resistance levels and the 135.50 level might encounter resistance in the 136.00 mark, before approaching the previous week's high level near 136.50 and the weekly R1 simple pivot point at 136.49.

Meanwhile, a decline of the US Dollar against the Japanese yen would look for support in the 135.00 mark and the 50 and 100-hour simple moving averages. Further below, note the Thursday and Friday low level zone at 134.25/134.40.

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