USD/JPY reaches new low level

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


The USD/JPY currency pair has declined below the support of the 136.50 mark. Moreover, the rate has shortly traded below 136.00. On Monday morning, the pair retraced back up and was testing the 136.50 level as resistance.

If the US Dollar declines against the Japanese Yen, the currency pair might find support in the 136.00, 135.50 and 135.00 level, before the rate approaches the July low level at 134.75 and the weekly S1 simple pivot point at that same level.

Meanwhile, a move upwards by the US Dollar would have to pass the resistance of the 136.50 mark, prior to testing the resistance of the weekly simple pivot point at 136.81, the 137.00 level and the 50-hour simple moving average.

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