USD/JPY locates near weekly S3

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 38% 34% 10.53%
Shorts 62% 66% -6.45%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Buy Neutral Neutral
Stochastic (5; 3; 3) Buy Buy Neutral
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The US Dollar depreciated 0.50% against the Japanese Yen since Wednesday's session. On Thursday, the US Dollar was trading below the weekly S3 at the 112.29 mark.  

In regards to the near-term future, most likely, the US dollar will trade downwards due to the resistance of the weekly S3 at the 112.31 mark. The simple moving averages will try to catch up the rate during the session. It is expected that the rate will trade at the 111.80 level on Thursday. 

However, today's significant US fundamental data sets may break the prediction for this currency pair. Watch out for the news!

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