USD/JPY is below 107.80

Note: This section contains information in English only.
Source: Dukascopy Bank SA

PositionsTodayYesterdayChange
Longs54%58%-7.1%
Shorts46%42%8.4%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralBuySell
Alligator(13;8;5)SellBuySell
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇗⇘

[ANNOUNCE] On Friday, the USD/JPY currency pair declined to the 107.60 level. During today's morning, the pair was trying to surpass the given level.

[/ANNOUNCE]

Note that the exchange rate is pressured by the 55-, 100- and 200-hour SMAs, currently located in the 107.89/108.04 range. Thus, it is likely that bears could prevail in the market, and the rate could target the weekly S1 at 107.21.

However, note that the currency pair has been trading within a descending channel since last Thursday. If the given trend holds, it is likely that the pair could reverse north from its lower line located in the 107.30/107.50 range.

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