USD/JPY unchanged from Wednesday

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 45% 43% 4.44%
Shorts 55% 57% -3.64%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Buy Sell
Alligator (13; 8; 5) Buy Buy Buy
SAR (0.02; 0.2) Sell Buy Buy
Aggregate

The US Dollar appreciated strongly against the Yen on Wednesday morning, reaching intraday high circa 113.60. Nevertheless, it had lost most of its gains by late evening and, thus, started this session at a relatively similar level as yesterday. Subsequently, the rate was supported by the 100-hour SMA near the 112.94 mark prior to testing a resistance cluster formed by the 20– and 55-hour SMAs. It is possible that the rate approaches the monthly R1 at 113.94 in the upcoming hours. However, the rate's general movement sideways during the past three sessions suggests that some changes may occur in the nearest time. In general, the rate is likely to remain within the boundaries of the current channel if today's fundamentals from the US do not change this technical information substantially.

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