USD/JPY finds support

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


The decline that was caused by US job openings data eventually found support. On the USD/JPY charts support was found near 145.70. On Wednesday morning, the pair was testing the 146.25/146.55 range's resistance.

A surge above 146.55 is expected to test the resistance of the 147.00 mark and the weekly R1 simple pivot point at 147.17. However, both of these levels were mostly ignored during Tuesday's high volatility.

In the case of a decline, the pair could look for support in the 100-hour simple moving average near 146.20. Further below, note the cluster of technical levels at 145.70 up to 145.85.
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