USD/JPY touched 111.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs49%54%-9.9%
Shorts51%46%9.4%
Indicator4H1D1W
MACD(12;26;9)BuySellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate

Yesterday, the USD/JPY currency pair tried to surpass the 111.00 level. During Friday morning, the pair was testing the support formed by the Fibo 50.00% at 109.58.

Note that the exchange rate is supported by the 55-hour SMA near 109.10. Thus, some upside potential could prevail in the market. In this case the rate could surpass the 111.50 level.

However, note that the currency pair would have to surpass the resistance formed by the monthly R1 and the Fibo 61.80% at 110.70. If the given level holds, it is likely that the pair could consolidate.

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