USD/JPY shows decline

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


The USD/JPY pair has booked a lower low and lower high level. Namely, the low is at 148.25 and the high is at the combination of the weekly simple pivot point and the 50-hour simple moving average at 149.08. By late Thursday's trading, the pair was set to once again reach the 148.25 level.

A move below the 148.25 level could look for support in the 148.00 level and the combination of the the weekly S2 simple pivot point at 147.58 and the 147.50 mark. Below these levels note the Tuesday's drop low level at 147.28. This level could once again act as support.

On the other hand, a sudden resumption of the broader surge of the Dollar against the Japanese Yen would have to break the combined resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 148.90/149.30 range. Above the range, the 149.50 level could slow down a surge, before the pair tests the combination of the weekly R1 simple pivot point at 149.96 and the 150.00 mark.
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