USD/JPY recovery faces resistance

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


The recovery of the USD/JPY has passed above the 139.00 level, the 50-hour simple moving average and the 139.50 level. However, at mid-day on Friday, the weekly simple pivot point was acting as resistance at 139.60.

A move above the 139.60 level might be stopped by the combination of the 140.00 level and the 100 and 200-hour simple moving averages. Higher above, note the 140.70/140.80 zone.

On the other hand, a decline of the pair could find support in the 139.00 level and the 50-hour simple moving average, before approaching the 138.50 level and the weekly S1 simple pivot point at 138.41.
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