USD/JPY once again tries to break above weekly R1

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

Positions Today Yesterday % Change
Longs 39% 41% -5.13%
Shorts 61% 59% 3.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate ⇗ ⇒ ⇗

[ANNOUNCE] In result of the weaker than expected Japan's national CPI data release as well as the ECB announcement, the pair found support at the 113.34 level and then resumed the surge. [/ANNOUNCE] Similarly to Wednesday, it failed to break above the weekly R1, which is located at the 114.19 level. In principle, a release of better than expected information on the US GDP growth later this day might provide a necessary impulse for successful break through the above resistance level. In that case, bulls will get a chance to elevate the rate to the monthly R1 at 114.75. Otherwise the currency pair is expected to retreat back to the 113.80 level, which represents location of the 55- and 100-hour SMAs, or even lower.

Actual Topics