USD/JPY breaks R1 at 114.13 mark

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 39% 39% 0.00%
Shorts 61% 61% 0.00%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Sell Sell Sell
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

The US Dollar appreciated 0.61% against the Japanese Yen since Wednesday's session. On Thursday morning, the US Dollar was traded between the weekly R1 and the weekly R2 at the 114.22 mark. 

During Thursday's trading session, most likely the rate will be traded sideways at the medium ascending pattern at the 114.40 level. The SMAs will try to catch the rate to give additional support for the currency pair. 

On the other side, the rate might take the support of the pattern line to break the weekly R2 at the 114.56 mark to trade near the 114.60 level during the day.

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