USD/JPY recovery approaches 135.00

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


This week, the USD/JPY has been recovering from the 132.50 level's support. By the middle of Tuesday's European trading, the currency pair had approached the 135.00 level.

A bounce off from the 135.00 level could look for support in the combination of the 134.00 level and the 50-hour simple moving average. Further below, note the weekly S1 simple pivot point at 133.41 and the 133.50 level. Below these level, the 133.00 mark might slow down the pair's decline, before the 132.50 level is reached.

Meanwhile, a move above 135.00 is expected to encounter resistance in the 100 and 200-hour simple moving averages, the 135.50 and 136.00 levels and the weekly simple pivot point at 135.66.
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