USD/JPY tests a monthly PP at the 111.025 level.

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 47% 51% -8.51%
Shorts 53% 49% 7.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

The USD/JPY was at the 110.96 mark on Monday. The currency exchange rate tested the monthly pivot point at the 111.02 during morning hours. Moreover, the 55-hour and the 100-hour SMAs crossed each other near the weekly pivot point at the 111.22 mark at the same time during morning hours. 

In regards to the near future, the 55-hour and the 200-hour SMAs will meet each other which will force the US Dollar to go downwards. In addition, there is strong resistance given by the Fibonacci 61.80% retracement level.

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