USD/JPY trades above 150.00

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


The USD/JPY has continued to surge, despite reaching above the 150.00 mark. However, it appears that another intervention has occurred. As the pair approached the 150.80 mark on Thursday, it suddenly dipped below 150.00, before returning to trade near 150.50. By mid-Friday, the rate had declined back to the 150.00 mark.

A move below 150.00 would have to pass the notable level and the combination of the 100 and 200-hour simple moving averages. Below the moving averages, take into account the weekly simple pivot point at 149.51 and the 149.30/149.50 range.

On the other hand, a recovery of the currency pair is set to face the resistance of the 50-hour simple moving average and the weekly R1 simple pivot point at 150.28. Higher above, note the weekly R2 at 150.76 and the recent high level at 150.77.
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