USD/JPY tests short-term channel

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs60%60%1.0%
Shorts40%40%-1.5%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuySellSell
SAR(0.02;0.2)SellBuyBuy
Aggregate

On Monday, the USD/JPY currency pair went upwards and reached the upper boundary of the short-term ascending channel at 110.20. During today's morning, the pair was testing the given line.  

From a theoretical perspective, it is expected, that a reversal north could occur in the nearest future. In this case, the exchange rate would be supported by the 55-hour SMA and the monthly S2 at 109.97. 

However, if the given channel does not hold, a breakout north could occur in the following hours. The pair could surpass the 110.40 level. Note, that the nearest resistance level is the weekly R1 at 110.51.

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