USD/JPY reaches 100-hour SMA

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

Positions Today Yesterday % Change
Longs 46% 47% -2.17%
Shorts 54% 53% 1.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Japanese Yen depreciated against the US Dollar during the morning hours. The main pair reached the 100– hour simple moving average at midnight to Wednesday which paused the surge. In general, the US Dollar recovered 47 pips or 0.43%. 

On Wednesday morning, the main pair was at 110.40 showing a bullish signal. The 55– hour simple moving average was the support for the currency pair for the day. The simple moving average was also set to be strengthened by a monthly pivot point just above the SMA.

The upward momentum is likely to continue during the session reaching the 200-hour simple moving average.

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