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The USD/JPY is heading for the 150.00 mark, as this Monday it approached the 149.00 level.
Resistance could be encountered in the 149.00 mark, the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. Any of these levels could slow down the surge and force the rate into a consolidation via a decline or sideways trading.
However, a decline of the US Dollar against the Japanese Yen could encounter support in the weekly R1 at 148.75. Further below, note the 148.50 level that had acted as resistance during the prior week.
Mon, 25 Sep 2023 15:08:38 GMT
Source: Dukascopy Bank SA
The USD/JPY is heading for the 150.00 mark, as this Monday it approached the 149.00 level.
Resistance could be encountered in the 149.00 mark, the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. Any of these levels could slow down the surge and force the rate into a consolidation via a decline or sideways trading.
However, a decline of the US Dollar against the Japanese Yen could encounter support in the weekly R1 at 148.75. Further below, note the 148.50 level that had acted as resistance during the prior week.