USD/JPY retracement almost reaches 146.50

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


The USD/JPY passed below 147.00 and almost reached the 146.50 level, before starting a recovery. By mid-Friday, the currency pair had almost reached the 147.50 level and the weekly R1 simple pivot point.

A move above 147.50 and the weekly R1 simple pivot point at 147.54 could result in another test of the 147.80/147.87 range. This range acted as resistance on September 5 and 6.

On the other hand, a decline of the US Dollar against the Japanese Yen is expected to look for support first in the 100-hour simple moving average near 147.20. Afterwards, note the 147.00 mark which could act as support as it did on Wednesday. Further below, the 200-hour SMA and the 146.30/146.55 range are expected to impact the rate.
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Actual Topics

Fri, 08 Sep 2023 11:42:38 GMT

Gold recovers to 1,925.00

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