USD/JPY trades at 106.65 level

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs69%71%-3.3%
Shorts31%29%7.3%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)BuySellSell
Aggregate

During the previous trading session, the USD/JPY currency pair reversed north from the lower boundary of the short-term ascending channel at 106.35. During Friday morning, the pair reached the 106.65 mark.

Note, that the exchange rate is supported by the 55– and 100-hour SMAs, currently located circa 106.50. Thus, it is likely, that bulls could prevail in the market in the short term. In this case, the rate could surpass the 106.80 level.

On the other hand, the pair could trade sideways along the monthly S2 at the 106.54 until the beginning of the next trading week. It is unlikely, that the rate could drop lower than the 106.31 mark due to the support of the 200-hour SMA.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.