USD/JPY is below 108.80

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs35%29%17.3%
Shorts65%71%-9.4%
Indicator4H1D1W
MACD(12;26;9)SellSellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellBuy
SAR(0.02;0.2)SellSellBuy
Aggregate⇘⇘⇗
[ANNOUNCE]

On Friday, the USD/JPY currency pair broke the lower boundary of the rising wedge pattern. During today's morning, the pair was testing the resistance formed by the weekly PP at 108.65.

[/ANNOUNCE]

It is likely that some downside potential could prevail in the market, as the exchange rate is pressured by the 55-hour SMA, currently located at 108.76.

However, note that the rate could gain support of the Fibo 38.20% at 108.44. If the given level holds, it is likely that the Greenback could consolidate against the Japanese Yen in the short run.

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