USD/JPY finds support at 133.50

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Source: Dukascopy Bank SA


The USD/JPY found support in the 133.50 level on Thursday. Since the event, the pair has been surging. On Monday, the pair had reached above 135.00.

An extension of the ongoing USD move higher would have to break the 100 and 200-hour simple moving averages, the weekly simple pivot point at 135.35 and the 135.50 level. Higher above, note the 136.00 and 137.00 levels.

However, a decline of the USD against the Japanese Yen would look for support in the 50-hour simple moving average and the 134.50 level. Further below, note the 134.00 and 133.50 levels.
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