USD/JPY extends decline

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


The USD/JPY has moved even lower, as the rate has reached below 147.50. The round level appears to be acting as an attracting magnet not a support or resistance.

Further below, note that round levels might turn into support, before the pair reaches the combination of the 147.70 level and the weekly S3 at 145.79.

However, a potential recovery of the US Dollar's value could be stopped by the weekly S1 simple pivot point at 148.50 and the 148.50 mark on its own. Higher above, note the 149.00 and 149.50 levels that could act as resistance, prior to the pair reaching the 150.00 mark.
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