USD/JPY is above weekly PP at 111.70

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 41% 48% -17.07%
Shorts 59% 52% 11.86%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Sell
Aggregate

The US Dollar depreciated 0.02% against the Japanese Yen since Friday's session. On Monday morning, the currency pair was located at the 112.00 level between the monthly R1 at the 112.27 mark and the weekly PP at the 111.70 mark. 

In regards to the near future, the rate will surge upwards to the upper boundary of the medium ascending line at the 112.20 level and the monthly R1 at the 112.27 mark and most likely, the rate will bounce off the pattern line to move back into the previously drawn trend-line. 

Moreover, the 55-hour simple moving average should give additional support for the currency pair during the trading day.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.