USD/JPY is below 109.20

Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs27%27%0.5%
Shorts73%73%-0.2%
Indicator4H1D1W
MACD(12;26;9)BuyBuyBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyBuyBuy
SAR(0.02;0.2)BuyBuyBuy
Aggregate

During last trading session, the USD/JPY currency pair tumbled to the weekly S2 located at 109.13. During Monday morning, the pair was testing the given support.

If the given support level holds, it is likely that the exchange rate could trade upwards within the following trading session. Note that the rate could face resistance of the weekly S1 at 109.32.

On the other hand, the US Dollar could consolidate against the Japanese Yen in the short run near the given support. If the given level does not hold, the currency pair could target the weekly S3 at 108.95.

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