USD/JPY reaches above 140.00

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


The USD/JPY currency pair has extended its surge above 140.00. During the first half of Friday's trading, the pair was finding support in the weekly R3 simple pivot point at 140.35.

A move above the weekly R3 pivot point at 140.35 might encounter resistance in the 140.50 and 141.00 levels, before the USD/JPY reaches the upper trend line of the channel up pattern, which has guided the rate since August 10.

On the other hand, a decline of the US Dollar against the Japanese Yen could look for support in the 140.00 mark, the 139.50 level and the 50-hour simple moving average. Further below, note the 139.00 mark, weekly R2 at 139.06, 100-hour SMA and the 139.86/139.08 zone. All of these levels make up a strong support range.
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Actual Topics

Fri, 02 Sep 2022 09:42:42 GMT

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On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average. A continuation of the surge of the commodity was expected to encounter resistance in the 1.710.00/1,715.00

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