USD/JPY declines on Monday

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


On Monday morning, the USD/JPY currency exchange rate bounced off the resistance zone, which surrounds the 115.40 mark. Afterwards, the rate declined to the support of the 200-hour simple moving average near 114.90.

If the USD recovers against the Japanese Yen, the pair might once again test the resistance of the 115.40 mark, before aiming at the weekly R1 simple pivot point at 115.83.

Meanwhile, a potential decline of the pair would almost immediately encounter the support of the 100-hour simple moving average near 114.80. Further below, there is no technical support as low as the weekly S1 simple pivot point at 114.40.
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