USD/JPY likely to decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs62%62%0.0%
Shorts38%38%0.1%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralBuyNeutral
Stochastic(5;3;3)NeutralBuyNeutral
Alligator(13;8;5)SellSellNeutral
SAR(0.02;0.2)SellSellBuy
Aggregate

During the previous trading session, the USD/JPY currency pair traded sideways between the weekly S1 and the Fibonacci 50.00% retracement, located 109.32 and 109.58 respectively.  

Note, that the pair is trading near the upper boundary of the short-term descending channel, thus, from a theoretical point of view, it is likely, that a reversal south could occur in the short run. 

Also, note, that the exchange rate is pressured by the 55– and 100-hour moving averages at 109.57, thus, from a technical perspective, it is unlikely, that a breakout north could occur in the nearest future.

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