USD/JPY surges to weekly R1

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 39% 37% 5.13%
Shorts 61% 63% -3.28%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Sell Neutral
Stochastic (5; 3; 3) Neutral Neutral Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The US Dollar depreciated 0.08% against the Japanese Yen since Tuesday's session. On Wednesday morning, the currency pair was squeezed between the 55-hour and the 100-hour SMAs at the 113.83 mark. 

In regards to the near future, most likely, the US Dollar will continue surge upwards to the weekly R1 at the 114.13 level. The 100-hour SMA will support the rate during the trading session. 

On the other hand, the resistance of the 55-hour simple moving average might pass the 100-hour SMA support to push the currency exchange rate to go towards the weekly pivot point at the 113.28 level.

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.