USD/JPY passes monthly PP

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

Positions Today Yesterday % Change
Longs 47% 46% 2.13%
Shorts 53% 54% -1.89%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Neutral Neutral
Alligator (13; 8; 5) Neutral Sell Buy
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

The Japanese Yen has still be depreciating against the US Dollar during the last two days. The main pair passed through the monthly PP( 110.692) at midnight on Thursday. In general, the US Dollar recovered 0.34% from Wednesday night until Thursday morning. 

On Thursday morning, the main pair was at 1.1083 showing bullish signals. The US Dollar passed through all SMAs during the night. The 200-hour simple moving average is expected to be the support for the currency pair for the day. It seems that the 55-hour and 100-hour SMAs should cross at today's trading session giving strong buy signals for traders.

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