Wed, Apr 14, 2021 @ 07:25 GMT
Home Contributors Technical Analysis USD/JPY Trades At 105.80

USD/JPY Trades At 105.80

During today’s morning, the USD/JPY currency pair raised to the 105.80 level.

It is unlikely that some downside potential could prevail in the market due to the support area formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 105.30/105.54 area.

It is likely that the exchange rate could continue to trade upwards within the following trading session. In this case the rate could reach the weekly R1 located at the 106.17 mark.

Dukascopy Swiss FX Group
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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