USD/JPY tests 142.70/143.10 range

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


The USD/JPY currency pair has reached the resistance of the 142.70/143.10 range. In addition, it is assumed that the weekly R1 is also acting as resistance. Meanwhile, mid-Monday, support was found in the 142.00 level.

A potential decline below 142.00 could look for support in the 141.55/141.90 range, prior to declining to the combined support of the 50, 100 and 200-hour simple moving averages near 140.60 and the weekly simple pivot point at 140.30.

In the case of the US Dollar surging above the 143.10 level, the rate could be slowed down by the 143.50 level, before reaching the combination of the 144.00 level and the weekly R2 at 144.09.
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