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The 145.00 mark has provided enough resistance for the USD/JPY to start a retracement downwards. By the start of Thursday's European trading hours, the currency pair had reached the 143.50 level and the 50-hour simple moving average.
A move below 143.50 could look for support in the 143.00 level and the weekly R2 simple pivot point at 142.74. Further below, note the 142.50 level and the combination of the 100-hour SMA and the 142.00 level.
Meanwhile, a resumption of the US Dollar's surge against the Yen would test resistance at 144.50, the weekly R3 at 144.68 and the 145.00 mark.
Thu, 08 Sep 2022 08:03:20 GMT
Source: Dukascopy Bank SA
The 145.00 mark has provided enough resistance for the USD/JPY to start a retracement downwards. By the start of Thursday's European trading hours, the currency pair had reached the 143.50 level and the 50-hour simple moving average.
A move below 143.50 could look for support in the 143.00 level and the weekly R2 simple pivot point at 142.74. Further below, note the 142.50 level and the combination of the 100-hour SMA and the 142.00 level.
Meanwhile, a resumption of the US Dollar's surge against the Yen would test resistance at 144.50, the weekly R3 at 144.68 and the 145.00 mark.