USD/JPY fails to accelerate

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 74% 71% 4.05%
Shorts 26% 29% -11.54%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Sell Sell Sell
Aggregate

Monday's trading session has not introduced any changes to USD/JPY's positioning which was mainly due to the 55–hour and 200-period (4H) SMAs surrounding the rate. As a result, the expected test of the upper boundary of the junior channel did not occur.

 It is likely that the 200-period SMA proves to be stronger than its 55-hour counterpart, thus putting more weighting on the bullish scenario. The 55– and 100-hour SMAs and the weekly PP must be surpassed for the Greenback to fully accelerate towards the monthly PP at 111.80. 

In case the 200-period SMA is stronger, the pair is likely to aim for the psychological 111.00 level and later for the weekly S1 at 110.65.

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