USD/JPY continues to respect round levels

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


In general, the USD/JPY currency pair remains below 150.00. Meanwhile, it has been spotted that the pair has been impacted by the round levels in the range from 146.50 up to 148.50. On Wednesday, the rate was located between the 147.00 and 147.50 levels.

A surge above 147.50 might encounter resistance in the combination of the weekly simple pivot point at 147.70 and the 200-hour simple moving average. Higher above, it is likely that the 148.00 and 148.50 levels act as resistance, before the pair approaches the weekly R1 simple pivot point at 148.74.

In the meantime, a decline of the US Dollar against the Yen could look for support in the 146.50 and 146.00 levels, prior to the rate reaching the support of the 145.70 level and the weekly S1 simple pivot point.
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