USD/JPY remains near 140.50

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


On Monday morning, the USD/JPY currency exchange rate remained near the 140.50 level. In general, the pair has been trading between the 140.00 and 140.80 levels since Friday.

In the case of a surge, the pair would have to pass the Friday's high level at 140.80. Higher above the 141.00 mark and the weekly R1 simple pivot point at 141.44 might act as resistance. Higher above, take into account the 142.00 level and the upper trend line of a channel up pattern.

However, a decline of the currency pair would look for support first in the combination of the 140.00 level and the 50-hour simple moving average. Further below, the 139.50 level, the weekly simple pivot point and the 100-hour simple moving average might provide support.
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