Tue, Dec 01, 2020 @ 02:23 GMT
Home USD/JPY Remains Below 105.00

USD/JPY Remains Below 105.00

The USD/JPY currency pair remains to trade below the 105.00 level.

It is likely that the exchange rate could be pushed down by the resistance area formed by the 100– and 200-hour SMAs, as well the weekly PP and the Fibo 23.60% in the 104.94/105.13 range.

In the meantime, note that the currency pair is supported by the 55-hour SMA near 104.75. Therefore, the pair could try to exceed the monthly PP at 105.34 within the following trading session.

Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
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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