USD/JPY two scenarios likely - Technical Analysis - Dukascopy Bank
Tue, 27 Apr 2021 04:57:37 GMT
Source: Dukascopy Bank SA
Positions
Today
Yesterday
Change
Longs
49%
47%
3.5%
Shorts
51%
53%
-3.4%
Indicator
4H
1D
1W
MACD(12;26;9)
Sell
Sell
Buy
RSI(14)
Neutral
Neutral
Neutral
Stochastic(5;3;3)
Neutral
Neutral
Neutral
Alligator(13;8;5)
Sell
Sell
Buy
SAR(0.02;0.2)
Sell
Sell
Sell
Aggregate
⇘
⇘
⇒
On April 26, the US Dollar surged by 54 pips or 0.50% against the Japanese Yen. The currency pair breached the 55– and 200– hour SMAs during yesterday's trading session.
Everything being equal, the exchange rate is likely to continue to edge higher during the following trading session. A breakout through the upper line of an ascending channel pattern could occur.
However, if the channel pattern holds, a decline towards the 107.80 level could be expected today.
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