USD/JPY meets weekly S1 at 1.10 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 46% 45% 2.17%
Shorts 54% 55% -1.85%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Neutral Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

The US Dollar depreciated 0.42% against the Japanese Yen since Thursday's session. The rate was located at the 110.70 mark, trying to recover itself during Friday's morning hours.  

In regards to the near future, most likely the rate will surge to the monthly pivot point at the 111.02 level during the trading day. Meanwhile, the weekly S1 at the 110.61 should provide significant support for the currency rate. 

Besides, if the rate will meet the monthly PP at the 111.02 level, most likely the rate will go downwards due to the strong resistance of the SMAs and 23.60% Fibo at the 111.15 level.

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