USD/JPY ends its surge

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


The USD/JPY passed the ascending support trend line in a sharp move, which eventually paused near 136.30. Throughout Thursday's trading, the pair fluctuated between 136.30 and 137.20.

A move below the 136.30 level and the 100-hour simple moving average might look for support in the 136.00 level and the weekly simple pivot point at 135.93. Further below, round price levels could act as support.

On the other hand, a recovery of the pair would first have to breach the 137.00 level and the 50 and 200-hour simple moving averages. Higher above, note the 137.50 level and the Wednesday's high level range at 137.70/137.85.
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