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This week, the USD/JPY remained above the 140.00 mark, as support was found at 141.50. By the start of Monday's European trading hours, the pair had touched the 143.50 level.
A continuation of the USD recovery against the Japanese Yen might encounter resistance in round price levels. Namely, there is no technical resistance as high as 145.01 that could impact the pair. Moreover, it appeared on Monday that the rate is ignoring both the moving averages and the weekly simple pivot points.
Meanwhile, a decline of the currency pair is also set to look for support in round price levels. However, the 200-hour SMA near 141.54 and the weekly S1 simple pivot point at 140.11 might act as support.
Mon, 12 Sep 2022 08:25:47 GMT
Source: Dukascopy Bank SA
This week, the USD/JPY remained above the 140.00 mark, as support was found at 141.50. By the start of Monday's European trading hours, the pair had touched the 143.50 level.
A continuation of the USD recovery against the Japanese Yen might encounter resistance in round price levels. Namely, there is no technical resistance as high as 145.01 that could impact the pair. Moreover, it appeared on Monday that the rate is ignoring both the moving averages and the weekly simple pivot points.
Meanwhile, a decline of the currency pair is also set to look for support in round price levels. However, the 200-hour SMA near 141.54 and the weekly S1 simple pivot point at 140.11 might act as support.