USD/JPY trades at 103.60

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs73%73%-1.3%
Shorts27%27%3.3%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralBuy
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellSell
Aggregate

During Thursday morning hours, the USD/JPY currency pair raised to the 103.60 level.

It is likely that the exchange rate could face the resistance level—the weekly R1 at 103.82 and reverse south in the nearest future. In this case the rate could gain support from the weekly PP and the 200-hour SMA in the 103.25/103.40 range.

In the meantime, if the predetermined resistance level does not hold, the currency pair could target the psychological level at 104.20 in the short term.

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