USD/JPY approaches 137.00

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


At mid-day on Wednesday, the USD/JPY currency pair reached above the previous June high levels at 136.60/136.70.

Next target for the surge could be the 137.00 mark, which might act as resistance.

However, a potential retracement back down might look for support in the 136.60/136.70 zone and the weekly R1 simple pivot point at 136.50.

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