USD/JPY respects support zone

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


The USD/JPY has respected the support of the 133.87/134.00 zone. The zone was strong enough to cause another surge. By mid-Wednesday, the pair had reached and pierced the 135.00 mark.

A proper move above 135.00 could encounter resistance in the weekly R2 simple pivot point at 135.42 and the 135.50 level. Higher above, note the 136.00 mark.

On the other hand, a decline of the US Dollar against the Yen could find support in the weekly R1 simple pivot point at 134.58 and the 134.50 level.
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