USD/JPY faces resistance zone

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


The post Federal Reserve rate hike surge of the USD/JPY encountered resistance in the 137.95/138.20 zone. The following decline was looking for support.

Support might be provided by the 137.00 level, the 136.50 mark and the 50, 100 and 200-hour simple moving averages. Further below, note the 136.00 and 135.50 levels, which have acted as support and resistance.

Meanwhile, a surge of the US Dollar would have to break the 137.95/138.20 range, before testing the 138.50, 139.00 and 139.50 levels.
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