USD/JPY remains below 106.40

Note: This section contains information in English only.
Source: Dukascopy Bank SA
PositionsTodayYesterdayChange
Longs40%42%-4.5%
Shorts60%58%3.0%
Indicator4H1D1W
MACD(12;26;9)BuyBuySell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralSell
SAR(0.02;0.2)BuyBuySell
Aggregate

On Friday, the USD/JPY currency pair tried to exceed the 106.40 level. During today's morning, the pair was testing the 100-hour SMA near 106.20.

From the one hand, it is likely that some upside potential could prevail in the market, and the exchange rate could reach the psychological level at 106.60.

On the other hand, note that the rate is pressured by the 55-hour SMA near 106.25. Thus, it is likely that the pair could trade sideways in the short term.

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