USD/JPY trades at 105.80 - Technical Analysis - Dukascopy Bank

Wed, 24 Feb 2021 10:57:06 GMT
Source: Dukascopy Bank SA
 
PositionsTodayYesterdayChange
Longs39%39%0.2%
Shorts61%61%-0.1%
Indicator4H1D1W
MACD(12;26;9)SellBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)SellBuyNeutral
SAR(0.02;0.2)BuyBuyBuy
Aggregate

During today's morning, the USD/JPY currency pair raised to the 105.80 level.

It is unlikely that some downside potential could prevail in the market due to the support area formed by the 55-, 100– and 200-hour SMAs, as well the weekly PP in the 105.30/105.54 area.

It is likely that the exchange rate could continue to trade upwards within the following trading session. In this case the rate could reach the weekly R1 located at the 106.17 mark.


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