USD/JPY supported by 55-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 56% 53% 5.36%
Shorts 44% 47% -6.82%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The USD/JPY was neutral as during the whole week fluctuating at the 111.20 level. The currency pair passed the 55-hour simple moving average's resistance on Tuesday and was experiencing the 55– hour SMA support during the Wednesday's morning hours. 

Moreover, the 55-hour and 100-hour SMAs crossed each other during Tuesday's trading session flashing bullish signals for traders. A new trend line is created facing sideways direction. 

The USD/JPY rate change is unpredictable due to NAFTA agreement, which may influence the rate to go any direction at any time. Watch out for technical breakouts.

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