USD/JPY fails to break above 111.26 two times

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

Positions Today Yesterday % Change
Longs 56% 54% 3.57%
Shorts 44% 46% -4.55%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Sell
Alligator (13; 8; 5) Buy Neutral Sell
SAR (0.02; 0.2) Buy Buy Sell
Aggregate ⇗ ⇒ ⇓

[ANNOUNCE] In line with expectations, until a release of data on the US Retail Sales the currency pair spent in an upward movement. [/ANNOUNCE] In the process, it made two attempts to break above the monthly R1 at 111.26 but both of them failed.  

Due to pressure from the approaching 55- and 100-hour SMAs as well as existence of a recently formed ascending channel, the pair is expected to eventually break through that barrier. An aggregate of technical indicators supports this scenario, sending strong buy signals. 

Nevertheless, a possibility of a third rebound and subsequent dissolution of the channel also remains on the table.

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