USD/JPY faces resistance in 100-hour SMA

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


On Thursday morning, the USD/JPY rate was reached by the additional resistance of the 100-hour simple moving average near 139.60.

A resumption of the US Dollar's decline against the Japanese Yen could look for support in round exchange rate levels like the 139.00 and 138.00 mark, before reaching the weekly S1 simple pivot point at 135.63.

However, a recovery of the USD against the Yen could encounter resistance not only in round price levels, but also the 100-hour simple moving average and the weekly simple pivot point at 141.60.
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