USD/JPY remains below 111.50

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs36%40%-10.7%
Shorts64%60%6.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralSellNeutral
Alligator(13;8;5)BuyBuySell
SAR(0.02;0.2)BuyBuySell
Aggregate

Yesterday, the USD/JPY currency pair failed to surpass the 111.50 level. During Wednesday morning, the pair was testing the given level.

From a theoretical perspective, it is likely that the exchange rate could trade upwards along the lower boundary of the medium-term ascending channel. In this case the rate could exceed the 112.00 level.

However, if the currency pair fails to surpass the 111.50 level, it is likely that a breakout south from the given channel could occur. In this case the pair could gain support from the Fibo 61.80% at 110.72.

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