USD/JPY could trade sideways

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs65%62%4.3%
Shorts35%38%-7.9%
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)NeutralSellSell
SAR(0.02;0.2)BuySellBuy
Aggregate

On Thursday, the USD/JPY currency pair skyrocketed to the monthly S2 at the 109.97 mark.  

During Friday's morning, the exchange rate was squeezed by 55-, 100– and 200-hour SMAs, currently located at 109.60 and 109.79 respectively. If the given moving averages hold, the pair could trade sideways. 

From a technical point of view, it is unlikely, that the rate could go downwards, as it is supported by the Fibonacci 50.00% retracement and the lower boundary of the short-term channel located circa 109.50.

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