USD/JPY books new high

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


After the CPI release, the USD/JPY almost touched the 146.50 level, as a decline started. The decline has resulted in the pair finding support in the 144.30/145.00 range and the 100-hour simple moving average.

A resumption of the surge has to pass the 145.50 level and the 50-hour simple pivot point. Higher above, note the 146.00 and 146.50 levels. Above these round levels, the combination of the weekly R1 and the 147.00 level could act as resistance.

If the pair declines below the 100-hour simple moving average, the 200-hour SMA is expected to provide support near 144.30. Below the 144.30 level, the 143.50 level and the weekly simple pivot point could act as support.
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