USD/JPY resisted by 55-hour SMA

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) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Sell Neutral
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

During Tuesday's trading session, the currency exchange pair passed through the medium ascending pattern line to end the trading session at the 112.97 mark. On Wednesday morning, the US Dollar reached the resistance of the weekly R1 at 113.81 but was retraced to the 113.15 mark. 

In regards to the near-term future, most likely, the US Dollar will be supported by the 100-hour SMA to break the resistance of the 55-hour SMA at 113.27 to surge upwards towards the 113.40 level during Wednesday's trading session. 

On the other side, the 55-hour SMA could resist the currency exchange pair to decline the rate to trade near the monthly pivot point at 112.96 mark.

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